Surge in Imports Widened U.S. Trade Deficit to $109.8B Record

[West Dundee Hawkeye]

Record Trade Deficit

$9 Trillion of QE plus reckless deficit spending leading to massive consumption pushes US Trade Deficit to record over $100 Billion in March. This continued focus on consumption, will lead to more outsourcing and the collapse of the working class.

Now more than ever the US needs to increase SAVINGS by balancing the budget and paying down the $27 Trillion National Debt. If you believe in the Law of Supply and Demand the following economic rule is valid.

Savings-Investment=Exports-Imports

 

[binsfeldcyhawk2]

Will just get worse...

Euro is tanking.

https://www.business-standard.com/a...ears-amid-growth-slowdown-122042700506_1.html

 

[Finance85]

I wonder how much of the increased cost of goods is embedded landed cost due to supply chain and energy issues.

I wonder if the Commerce Department is doing any planning around bringing critical manufacturing components back to the US (semiconductors, etc). Some of that will be tough because of the difference in environmental laws.

 

[Whiskeydeltadeltatango]

@BlackNGoldBleeder


Pound the overs.