The trade deficit is growing. That tells us something important.

The trade deficit excluding oil has returned to where it was before the recession.  (Including oil, it is better than Dec 2007 — as the recession has given a respite to the approach of peak oil).  This is more evidence that the recession — and our response to it — produced no structural changes.  No fixes to the imbalances slowly wrecking the US economy. 

We get a small bounce from the trough and we re-start the party.  America borrowing to sustain its standard of living — and Empire.   Fun, but not likely to last long.  It may already be ending.

About the trade deficit

Other posts about the recession

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