Trade Deficit Widens, Exports Tumble
|| By FITSNEWS || America’s trade deficit increased from $40.7 billion to $41.9 billion in MayYou must Subscribe or log in to read the rest of this content.
|| By FITSNEWS || America’s trade deficit increased from $40.7 billion to $41.9 billion in MayYou must Subscribe or log in to read the rest of this content.
3 comments
How can you write about the trade deficit without discussion of the impact of rise of the dollar?
This reflects strength of our economy relative to others arround the world. Simply put our exports have become more expensive and imports are cheaper, thus effecting trade decisions.
Of course, this isn’t consistent with the fits, Paul, Zerohedge narrative that the dollar will soon no longer be the dominant currency of ezchange.
Their only explaination for the dollars strength is that “IT’S IRRATIONAL”. A simpler explaination is that “THEY’RE IRRATIONAL.”
89$/hour I looked at the draft which said $9958@mk3
e……
http://www.TheGlobalworkworldMoney/board/hop...
Irrational? Not this week.
Stock and bond markets in the tank.
Today, ^VIX volatility up five days in a row. Delayed open + 10 minutes = activity too great to report.
The short sellers are propagandizing, trying to rope in a few more dopes. (CNBC is the worst.)
Expect a down market until August, maybe September. U.S. down -20%, EuroTrash markets down -30%, maybe more. China/Japan steady to lower.
Cash is King for the next three months … Gruberment will be selling Gold/Silver to prop up the U.S. currencies, hold inflation in check.
… All businesses waiting for some tax relief. All investors waiting for another real estate crash/bubble.
(Disclosure. I’m 100% cash, trading accounts, IRA’s, trusts, 401’s, except for one offshore multinational and one (heavily hedged) fund group.)