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.
- Here is a detailed list of privacy oriented Search Engines I’ve found that won’t leave information conveniently under the rug
- You Will Be Shocked By How Much Money Is Being Pulled Out Of U.S. Banks, And Now The Biggest Bank In Germany Is In Trouble
- Weird war in Ukraine …
- This is how awesome Real Estate investments are in hyperinflation – Weimar example
- Walls are Closing In for Alvin Bragg. Rep. Marjorie Taylor Greene calls for his arrest
- Mexico ready for war against America, as 500,000 march in support of Mexican sovereignty/military intervention
- Germany on STRIKE – Largest strike in decades – No public transport, railroads, airports….everything!
- This Guy Absolutely Nails It…
- We’re Heading Into A Recession And The Machines Are Betting On A Big Market Crash
- Rothschilds took their bank private by paying out all shareholders a 28% bonus to get it done as fast as possible a few weeks before the crisis
Views: 43