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POSTED ON February 7, 2023  - POSTED IN Exploring Finance

The December Trade Deficit increased after a major drop in November. The total came in at $67B which was 10% greater than November’s $61B, but still well below the 6-month high from October of $77B. It is also below the $79B Trade Deficit from December 2021.

POSTED ON January 30, 2023  - POSTED IN Peter's Podcast

The mainstream is optimistic about both the economy and the Fed’s fight against inflation. In his podcast, Peter Schiff took apart the mainstream narrative, explaining that the economy is much weaker than most people realize and the Fed is nowhere near victory in the war on inflation.

POSTED ON November 4, 2022  - POSTED IN Exploring Finance

The September Trade Deficit increased for the first time in 6 months to -$73.3B. The deficit had been getting help from exports out of the Strategic Petroleum Reserve.

As shown by the chart below, the increase this month was from a drop in Exports combined with an increase in Imports. The current value is still well below the record set back in March.

POSTED ON September 8, 2022  - POSTED IN Exploring Finance

The trade deficit fell in July to -$70.7 billion. It was the fourth straight month of drops. While the deficit continues to fall from all-time highs, it is very large relative to deficits prior to 2022. Despite the large 33% fall from the -$107 billion in March, the current deficit would have been an all-time record as recently as last June. It is also larger than July 2021.

POSTED ON August 4, 2022  - POSTED IN Exploring Finance

The June trade deficit fell for a fourth straight month to -$79.6B.

While the deficit continues to drop from all-time highs, it is still larger than any month before 2022. June eclipsed December 2021 by $750M. December was a new record then, so the current deficit should be put into the context of longer history despite coming off recent highs.

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