I have advised World leaders during America’s High Point in Trading.
Trade Deficit increased from $5 Billion per month to $34 Billion.
Surprisingly – Not such a bad Trade balance record. Trade Deficit bounced between 1 Billion per month to a Low of 0.7 Billion in January 1980 and gaining a Positive Trade Balance in mid 1980. Well done Jimmy
Not so Good – Not so Bad.
Positive Trade Balance achieved for first 12 months. Trade Deficit increased for next 3 years and fell during his 2nd Term.
Reagan’s achievements outweigh the country’s gradual Trade Deficit.
The worst Trade performance by far took place during the period of his Presidency falling from 30 billion per month to 67.8 Billion in 2006. The final months of the GWB Presidency shaved of 20 billion per month from the Trade Deficit.
Not half bad. Took an 8 billion a month Trade Deficit at the start of his Presidency to a Trade Balance in 1991.
His record was spoilt somewhat by the idiot Saddam Hussein who cost the Western World a small fortune to prevent the overrun of Saudi Arabia and to kick the madman out of Kuwait.
It only took 3 months before Obama sent the Trade Deficit spiraling downwards to the 50 billion per month mark from which his policies have never achieved a recovery worth writing about.
Now for my record.
Advising Central Banks & Governments throughout the world and in particular, contributing to a startling rise in prosperity of China following an assignment to help the Beijing Government prevent a financial meltdown in 1991.