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POSTED ON June 7, 2022  - POSTED IN Exploring Finance

The April trade deficit came in at -$87B. This was the first time in 5 months that a new record had not been set (pink dot below). The Net Goods Deficit remained below -$100B for the fifth straight month. This Trade Deficit comes on the heels of an absolutely massive -$108B Deficit in March. It’s likely that some of the April deficit was counted in March, so expect a rebound in the May number.

POSTED ON May 5, 2022  - POSTED IN Exploring Finance

The March trade deficit came in at -$110B. This obliterated the February record trade deficit of $90B. As the chart below shows, the trade deficit has set a record in each of the last 4 months. It was creeping upwards from -$80B to -$90B before exploding in the latest month.

POSTED ON May 3, 2022  - POSTED IN Peter's Podcast

Despite all the talk about a “strong economy,” nobody was expecting a blistering hot GDP for the first quarter. The consensus was for around a 1% gain. As it turned out, it was even worse than expected. GDP shrank in Q1, contracting by 1.4%.

Despite the awful number, the mainstream spun it as a positive. Peter Schiff called it an outrageous positive spin on negative GDP and a great example of Orwellian doublespeak.

POSTED ON March 9, 2022  - POSTED IN Exploring Finance

January saw another record trade deficit.

The $89.7 billion deficit shattered the $82 billion record set in December by 9.4%! Before March 2021, the Trade Deficit monthly record had been set in August 2006 at -$68B. This record stood for nearly 15 years! Records are now being broken almost every single month.

POSTED ON February 10, 2022  - POSTED IN Peter's Podcast

Atlanta Fed President Raphael Bostic made an important admission during a CNBC interview. He confessed the Fed wasn’t really going all-in on the inflation fight. That raises a question: how is it going to tame the inflation monster? Peter Schiff talked about this admission during his podcast, along with a head-scratching article about the trade deficit in the Wall Street Journal.

POSTED ON January 7, 2022  - POSTED IN Exploring Finance

November 2021 charted a total trade deficit of -$80.2B just shy of the record -$81.4B in September. However, the data this month is far more concerning when digging into the details.

After a massive surge in the trade deficit occurred in September, October saw a big pullback to -$67.1B. The details showed that the volatility was driven by a data anomaly where Exported Goods from September were pulled into October. This created a series of Exported Goods values of $149.8B in August followed by $142.7B and $158.8B in September and October. Essentially, $8B moved from September to October, driving the trade deficit to all-time records.

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