Breitbart: The U.S. trade deficit in November fell to the lowest level in three years as imports declined more than exports.
The trade gap fell to $43.09 billion, lower than the $43.6 billion forecast by economists and sharply lower than the $46.9 billion trade deficit in October. The prior month’s figure was revised down from $47.2 billion. The trade gap has narrowed for three consecutive months.
Total exports rose $1.4 billion to $208.6 billion while imports fell $2.5 billion to $251.7 billion. The trade position of the U.S. appears to have been boosted by the export of oil. Ongoing troubles with the Boeing 737 Max, however, a restraining aircraft exports. read more
I’m gonna have to slice my wrists if this shit keeps up.
That still means we are still going into hock at 43 billion a month to foreign countries.
That adds up to a lot over a year, and especially when it’s year after year after year.
We really, really need to start producing our own consumer goods if we want to maintain ourselves as an independent and sovereign nation with no one pulling our strings for us.
The question I have is, do we -the majority of us- actually want to?
In my economics class about 19 years ago my (conservative) instructor said that while the outgo has always been less than the influx it used to be recorded as a surplus, a positive thing, rather than negative. An imbalance in the current direction doesn’t mean we are losing money, it means that we are doing better than the rest of the world and can afford to spend more on imports.
The bad news about the high imbalance is that it means other countries’ economies are not doing so well; the good news about the imbalance dropping is that it is a sign their economies are improving.
We be makin’ shit again, y’all!