Business/Finance
See other Business/Finance ArticlesTitle: We Are Being Killed On Trade – Rapidly Declining Exports Signal A Death Blow For The U.S. Economy
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URL Source: http://sgtreport.com/2016/03/we-are ... eath-blow-for-the-u-s-economy/
Published: Mar 16, 2016
Author: Michael Snyder
Post Date: 2016-03-16 11:14:38 by christine
Keywords: None
Views: 185
Comments: 10
Exports fell precipitously during the last two recessions, and now it is happening again. So how in the world can anyone make the claim that the U.S. economy is in good shape? On my website I have been repeatedly pointing out the parallels between the last two major economic downturns and the current crisis, and I am going to discuss another one today. Since peaking in late 2014, U.S. exports have been steadily declining, and this is something that we never see outside of a major recession. On the chart that I have shared below, the shaded gray bars represent the last two recessions, and you can see that exports of goods and services plunged dramatically in both instances… Click for Full Text! Post Comment Private Reply Ignore Thread
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