Wednesday, December 14, 2005

It's A Record

We keep shipping money overseas at rates never before seen.

Dec. 14 (Bloomberg) -- The U.S. trade deficit unexpectedly widened to a record $68.9 billion in October, as imports of crude oil, automobiles and televisions increased, a government report showed.

The gap in goods and services trade reported by the Commerce Department today exceeded even the highest estimate in a Bloomberg News survey of economists.

We are shipping 93 million dollars an hour off shore, money we then have to borrow back. We hit news highs (lows?) with China, Europe, Mexico and Canada, and overall we are about 15% ahead (worse off?) of last year.


No comments: