[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Sign-in]  [Mail]  [Setup]  [Help] 

Status: Not Logged In; Sign In

Barron Trump Big Pharma-Sponsored Vaccinologist Finally Admits mRNA Shots Are Killing Millions US fiscal year 2025 opens with a staggering $257 billion October deficit$3 trillion annual pace. His brain has been damaged by American processed food. Iran willing to resolve doubts about its atomic programme with IAEA FBI Official Who Oversaw J6 Pipe Bomb Probe Lied About Receiving 'Corrupted' Evidence “We have complete data. Not complete, because there’s some data that was corrupted by one of the providers—not purposely by them, right,” former FBI official Steven D’Antuono told the House Judiciary Committee in a Musk’s DOGE Takes To X To Crowdsource Talent: ‘80+ Hours Per Week,’ Female Bodybuilders vs. 16 Year Old Farmers Whoopi Goldberg announces she is joining women in their sex abstinence Musk secretly met with Iran's UN envoy NYT D.O.G.E. To have a leaderboard of most wasteful government spending In Most U.S. Cities, Social Security Payments Last Married Couples Just 19 Days Or Less Another major healthcare provider files for Chapter 11 bankruptcy The Ukrainians have put Tulsi Gabbard on their Myrotvorets kill list Sen. Johnson unveils photo of Biden-appointed crossdressers after reporters rage over Gaetz nomination sted on: Nov 15 07:56 'WE WOULD LOSE' War with Iran: Col. Lawrence Wilkerson Israeli minister says Palestinians should have no voting or land rights The Case For Radical Changes In US National Defense: Col. Douglas Macgregor Biden's Regulations Legacy Costs Taxpayers $1.8 Trillion, 800 Times Larger than Trumps Israeli Soldiers are BUSTED! Al Sharpton and MSNBC Caught in Major Journalism Ethics Fail in Accepting Kamala's Campaign Money ABC News in panic mode to balance The View after anti-Trump panel misses voter sentiment The Latest Biden Tax Bomb Republicans Pass New Anti-Woke Law: Ohio Senate Bans Transgender from Womens School Bathrooms Gaetz, who would oversee US prisons as attorney general, thinks El Salvador’s hardline lockups are a model Francesca Albanese shuts down reporter question on whether Israel has right to exist Democratic Governors Create Coalition To Push Back Against Trump Policies BRICS Write-off $20 billion Debt of Africa and Shocked IMF MASS EXODUS Of Soldiers Rock IDF After BLOODIEST DAY EVER in Lebanon This Is Why They Wont Be Able To Block Matt Gaetz, Tulsi Gabbard, Pete Hegseth And RFK Jr.

World News
See other World News Articles

Title: US Trade Deficit Widens 17.5% in November
Source: [None]
URL Source: https://www.investmentwatchblog.com ... ficit-widens-17-5-in-november/
Published: Jan 4, 2022
Author: staff
Post Date: 2022-01-04 13:37:52 by Horse
Keywords: None
Views: 89
Comments: 1

by Martin Armstrong

The US Trade deficit widened 17.5% in November, setting a new record. According to the US Commerce Department, the trade gap in goods increased from $83.2 billion in October to $97.8 billion in November. The number surpassed September’s posting of $97 billion.

Exports declined by 2.1%; however, imports are rising. The US imported $252.4 billion this November, a 4.7% MoM increase, with autos, industrial supplies, consumer goods, and food all experiencing notable gains. In addition, retail inventories rose 2%, while wholesale inventories rose 1.2%.

The US trade deficit has been high for years, and the gap continued to expand throughout 2021. January 2021 started off the new year by shattering the last deficit record posted in 2006. High trade deficits hurt America’s GDP standing, although the economy has been recovering faster than other developed nations.

Post Comment   Private Reply   Ignore Thread  

#1. To: Horse (#0)

I'm surprised that people believe the trade deficit nonsense. If you look at the total picture, there is only balanced trade. It cannot be otherwise. If the USA sells more to China, for example, than we buy from China, China doesn't burn the dollars. Instead, they use the dollars to buy US treasuries, buy land, building, stock, or otherwise invest in the USA, or else they use the dollars to buy from other countries, who in turn, buy from the USA.

Customers buy more from Walmart than they sell to Walmart so that is a trade deficit. Walmart buys more products from other companies than the products they sell to other countries. That is a trade deficit. The companies pay their their employees that produce the products. That is a trade deficit. However, if you look at the overall picture, it is balanced trade. Except for short-term variations, whether is is trade between countries or trade by people, it is balanced trade. It cannot be otherwise.

DWornock  posted on  2022-01-04   17:28:24 ET  Reply   Trace   Private Reply  

[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Sign-in]  [Mail]  [Setup]  [Help]