Wednesday, January 12, 2005

Trade Deficit

How long do you think our trading partners are going to be willing to accept payment in dollars if our trade imbalance continues to soar?
A new record was set in October 2004 of $56 billion which was bad.
That record has now been shattered by November's which came in at $60.3 billion. This puts us on a pace to top $600 billion for 2004 which leaves the previous record of $496.5 billion for 2003 in the dust.
Oh the Humanity!

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