J.Carr ( Lyra cartridge designer and phono stage Connoissour. ) said/posted:
" Phono cartridges are floating sources rather than balanced..."
If JCarr really said this, then he isn't aware of how balanced operation works. A dynamic microphone is a balanced source because its floating. An Ampex 351 tape machine has a balanced output because the secondary winding of its output transformer is floating. My Neumann U67 microphones are a balanced source because their output transformers have a floating output.
Atma-Sphere was the first company anywhere in the world to offer balanced line components for home stereo use. The equipment supports the balanced standard, known as AES48.
In a balanced connection, ground is ignored- its not part of the audio signal. This is why in a phono connection with RCAs, you have that weird ground wire that no other single-ended source seems to need. This is because you have a balanced source that is being fed to a single-ended input, and you have to do something with the ground, which otherwise isn't connected to the audio signal, but is its shield nevertheless- that being the tonearm tube of course.
More on this topic: http://www.atma-sphere.com/en/resource-why-balanced.html
Note in this article about halfway down the phrase
Both sides of the signal connection have an equal impedance to ground and may be floating