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2015 was a Trade Disaster for America
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
wallstreetexaminer.com / by Alan Tonelson •
This is a syndicated repost courtesy of RealityChek. To view original,click here. Reposted with permission.
There were so many revisions to deal with in yesterday’s jobs report that it just wasn’t possible to post on the monthly trade figures that came out at exactly the same time. But don’t get the idea that they’re less important – if only because they add to the full-year, 2015 data that’s now available, and that give us an ever clearer picture of the ongoing economic recovery. The big takeaway from the trade numbers: They deserve much blame for keeping the current expansion historically weak, and American trade policy has been the worst offender.
Here’s what I mean. As I reminded in covering the first full-year 2015 economic growth figures we’ve gotten (which describe the gross domestic product, or GDP), when the nation’s trade balance improves, America’s export and import performance contribute to growth. When it worsens, it subtracts from growth. As a result, the growth of the trade deficit since the current recovery began in mid-2009 has slowed overall economic growth, adjusted for inflation, by 9.59 percent.
The post 2015 was a Trade Disaster for America appeared first on Silver For The People.
Thanks to BrotherJohnF
Source: http://silveristhenew.com/2016/02/07/2015-was-a-trade-disaster-for-america/
