And the award for Highest All Time Deficit EVAR goes to...

[ReiAyanami]

http://biz.yahoo.com/ap/041214/economy_7.html

"Trade Deficit Swells to All-Time High of $55.5B in Oct. As Imports Hit Highest Levels on Record "

don't worry folks, this $55.5 billion will be nothing compared to November's total which includes mad black friday merchandise.

"trade imbalance widening by a sizable 8.9 percent in October from the previous month -- despite the fact that U.S. exports registered their best month on record"

 

[Engineer]

Maybe is the Yuan breaks away from the dollar? As long as we keep borrowing, we'll keep buying...and borrowing....and buying......until they cut off the credit card.

 

[TastesLikeChicken]

It's a short-term deviance due to the record high oil prices recently. When it's an actual meaningful trend and not just a momentary blip, please do let us all know.

 

[Engineer]

Originally posted by: TastesLikeChicken
It's a short-term deviance due to the record high oil prices recently. When it's an actual meaningful trend and not just a momentary blip, please do let us all know.

And you think oil prices are going to go back down? Seriously?

 

[Darkhawk28]

Originally posted by: Engineer

Originally posted by: TastesLikeChicken
It's a short-term deviance due to the record high oil prices recently. When it's an actual meaningful trend and not just a momentary blip, please do let us all know.

And you think oil prices are going to go back down? Seriously?

I know, my Diet Coke almost shot out of nose when I read that.

 

[TastesLikeChicken]

Originally posted by: Engineer

Originally posted by: TastesLikeChicken
It's a short-term deviance due to the record high oil prices recently. When it's an actual meaningful trend and not just a momentary blip, please do let us all know.

And you think oil prices are going to go back down? Seriously?

To previous levels? Doubtful. But they've already dropped to $41 a barrel as of late, which is a pretty sharp decline from where they were.

 

[TastesLikeChicken]

Originally posted by: Darkhawk28

Originally posted by: Engineer

Originally posted by: TastesLikeChicken
It's a short-term deviance due to the record high oil prices recently. When it's an actual meaningful trend and not just a momentary blip, please do let us all know.

And you think oil prices are going to go back down? Seriously?

I know, my Diet Coke almost shot out of nose when I read that.

The straw goes in your mouth dude. At least, for Diet Coke.

 

[Engineer]

Originally posted by: TastesLikeChicken

Originally posted by: Engineer

Originally posted by: TastesLikeChicken
It's a short-term deviance due to the record high oil prices recently. When it's an actual meaningful trend and not just a momentary blip, please do let us all know.

And you think oil prices are going to go back down? Seriously?

To previous levels? Doubtful. But they've already dropped to $41 a barrel as of late, which is a pretty sharp decline from where they were.

and OPEC has agreed to cut production by 1,000,000 barrels (spell?) next month.

 

[Stunt]

Originally posted by: Engineer

Originally posted by: TastesLikeChicken

Originally posted by: Engineer

Originally posted by: TastesLikeChicken
It's a short-term deviance due to the record high oil prices recently. When it's an actual meaningful trend and not just a momentary blip, please do let us all know.

And you think oil prices are going to go back down? Seriously?

To previous levels? Doubtful. But they've already dropped to $41 a barrel as of late, which is a pretty sharp decline from where they were.

and OPEC has agreed to cut production by 1,000,000 barrels (spell?) next month.

They are raising prices too.
Also, Iran has entered an agreement with China to start filling their couple month oil reserve tanks.

Oil prices arent going anywhere but up.
If you think the trade deficit has blipped cuz of oil...get ready for some much higher numbers than these.

 

[TastesLikeChicken]

Originally posted by: Engineer

Originally posted by: TastesLikeChicken

Originally posted by: Engineer

Originally posted by: TastesLikeChicken
It's a short-term deviance due to the record high oil prices recently. When it's an actual meaningful trend and not just a momentary blip, please do let us all know.

And you think oil prices are going to go back down? Seriously?

To previous levels? Doubtful. But they've already dropped to $41 a barrel as of late, which is a pretty sharp decline from where they were.

and OPEC has agreed to cut production by 1,000,000 barrels (spell?) next month.

Then why hasn't that announcement driven prices up through speculation again?

It's because oil prices are driven by far more variables than just production quotas.

 

[Engineer]

America's trade deficit with Canada grew to $5.6 billion in October, a 7.8 percent increase from September. The United State's trade imbalance with Mexico surged by 15.4 percent to $4.4 billion in October as imports from the country hit record highs.

The United State's trade deficit with oil-producing nations, including Saudi Arabia and Venezuela, clocked a record $7.2 billion in October as imports from these countries hit all-time highs.

America's deficit with Japan, however, narrowed in October to $5.9 billion as U.S. exports to Japan were the highest since March 2001.

Let's see...we have a trade deficit with Canada? Mexico?

I see the Saudi Arabia deficit being oil and the China/Japan trade deficit being almost anything manufacturered...

but Canada? Mexico - oil maybe?

Seems we really are just a county of consumers and not producers.

 

[TastesLikeChicken]

Originally posted by: Engineer

America's trade deficit with Canada grew to $5.6 billion in October, a 7.8 percent increase from September. The United State's trade imbalance with Mexico surged by 15.4 percent to $4.4 billion in October as imports from the country hit record highs.

The United State's trade deficit with oil-producing nations, including Saudi Arabia and Venezuela, clocked a record $7.2 billion in October as imports from these countries hit all-time highs.

America's deficit with Japan, however, narrowed in October to $5.9 billion as U.S. exports to Japan were the highest since March 2001.

Let's see...we have a trade deficit with Canada? Mexico?

I see the Saudi Arabia deficit being oil and the China/Japan trade deficit being almost anything manufacturered...

but Canada? Mexico - oil maybe?

Seems we really are just a county of consumers and not producers.

If we were only consumers soon nobody would be earning money to be a consumer. We could produce far more if Americans were willing to pay much higher prices for the products they buy.

btw, is it considered an "import" when we bring in goods produced overseas by US-owned companies?

 

[ReiAyanami]

Originally posted by: TastesLikeChicken
It's a short-term deviance due to the record high oil prices recently. When it's an actual meaningful trend and not just a momentary blip, please do let us all know.

i like your sarcasm. my meter could barely detect it. this short term trend has been for the past entire year with above $50b per month trade deficits causing a slump in the dollar. this translates to over $6 trillion flowing out of our economy per decade

 

[GoPackGo]

I hope oil goes to 1 billion dollars a barrel...that way no one can afford it.

I hope the world economy collapses.

I hope the sky falls in....

Gee...must be a sad life to be a left winger

 

[irwincur]

I am sick of these discussions. It is way more complex than some short half page article can lay out. Sure we may be consumers, but American companies still produce all around the world, and funnel their returns back here. It may not always come back in the form of trade, and may not register on the trade balance, but trust me, there is a lot of foreign profit coming to America.

See, trade does not account for profit US companies are making overseas. It only accounts for goods flowing across borders.

 

[TastesLikeChicken]

Originally posted by: ReiAyanami

Originally posted by: TastesLikeChicken
It's a short-term deviance due to the record high oil prices recently. When it's an actual meaningful trend and not just a momentary blip, please do let us all know.

i like your sarcasm. my meter could barely detect it. this short term trend has been for the past entire year with above $50b per month trade deficits causing a slump in the dollar. this translates to over $6 trillion flowing out of our economy per decade

It's been that way for more than the past year. Bush took over the legacy of historically large trade deficits from Clinton.

Here's more info on trade deficits as well:

http://www.cfr.org/pub7025/rog...g_us_trade_deficit.php

 

[umbrella39]

Originally posted by: GoPackGo
I hope oil goes to 1 billion dollars a barrel...that way no one can afford it.

I hope the world economy collapses.

I hope the sky falls in....

Gee...must be a sad life to be a left winger

Not half as sad as it must be to be part of the problem.

 

[Engineer]

Originally posted by: GoPackGo
I hope oil goes to 1 billion dollars a barrel...that way no one can afford it.

I do to...so the Middle East can screw themselves!

 

[Engineer]

Originally posted by: GoPackGo

Gee...must be a sad life to be a left winger

Just because we worry about a few of the things that could really cause problems for the country doesn't mean we are sad. It's the sarcasm for these problems, especially from the group, such as yourself, in power that should cause us to be sad.

If you don't think it's a problem, don't post crap in a thread that people DO think its a problem. I'm sure you don't run your own personal deficits the way the government runs theirs....and if you do, I hope you lose it all.

 

[Dari]

Originally posted by: Engineer

America's trade deficit with Canada grew to $5.6 billion in October, a 7.8 percent increase from September. The United State's trade imbalance with Mexico surged by 15.4 percent to $4.4 billion in October as imports from the country hit record highs.

The United State's trade deficit with oil-producing nations, including Saudi Arabia and Venezuela, clocked a record $7.2 billion in October as imports from these countries hit all-time highs.

America's deficit with Japan, however, narrowed in October to $5.9 billion as U.S. exports to Japan were the highest since March 2001.

Let's see...we have a trade deficit with Canada? Mexico?

I see the Saudi Arabia deficit being oil and the China/Japan trade deficit being almost anything manufacturered...

but Canada? Mexico - oil maybe?

Seems we really are just a county of consumers and not producers.

I urge you to study economics and look at the data before posting. A lot of these information are obvious, even to High School economics students.

 

[Engineer]

Originally posted by: Dari

Originally posted by: Engineer

America's trade deficit with Canada grew to $5.6 billion in October, a 7.8 percent increase from September. The United State's trade imbalance with Mexico surged by 15.4 percent to $4.4 billion in October as imports from the country hit record highs.

The United State's trade deficit with oil-producing nations, including Saudi Arabia and Venezuela, clocked a record $7.2 billion in October as imports from these countries hit all-time highs.

America's deficit with Japan, however, narrowed in October to $5.9 billion as U.S. exports to Japan were the highest since March 2001.

Let's see...we have a trade deficit with Canada? Mexico?

I see the Saudi Arabia deficit being oil and the China/Japan trade deficit being almost anything manufacturered...

but Canada? Mexico - oil maybe?

Seems we really are just a county of consumers and not producers.

I urge you to study economics and look at the data before posting. A lot of these information are obvious, even to High School economics students.

I'm not an economist, hence my nickname. Is there not a country that we run a SURPLUS with? I understand that we shipped nearly 100 BILLION last month, yet imported $155 BILLION plus. The entire comment was that we even import more from Canada than we sell. I'm not sure what your comment directed toward my lack of economics knowledge is about.

 

[TastesLikeChicken]

Originally posted by: Engineer

Originally posted by: Dari

Originally posted by: Engineer

America's trade deficit with Canada grew to $5.6 billion in October, a 7.8 percent increase from September. The United State's trade imbalance with Mexico surged by 15.4 percent to $4.4 billion in October as imports from the country hit record highs.

The United State's trade deficit with oil-producing nations, including Saudi Arabia and Venezuela, clocked a record $7.2 billion in October as imports from these countries hit all-time highs.

America's deficit with Japan, however, narrowed in October to $5.9 billion as U.S. exports to Japan were the highest since March 2001.

Let's see...we have a trade deficit with Canada? Mexico?

I see the Saudi Arabia deficit being oil and the China/Japan trade deficit being almost anything manufacturered...

but Canada? Mexico - oil maybe?

Seems we really are just a county of consumers and not producers.

I urge you to study economics and look at the data before posting. A lot of these information are obvious, even to High School economics students.

I'm not an economist, hence my nickname. Is there not a country that we run a SURPLUS with? I understand that we shipped nearly 100 BILLION last month, yet imported $155 BILLION plus. The entire comment was that we even import more from Canada than we sell. I'm not sure what your comment directed toward my lack of economics knowledge is about.

The actual number is not nearly as large as it would seem since in the trade deficit are included items produced by US-owned corps in foreign countries.

And you'd think that liberals would be happy about a trade deficit. It's a sign of distribution of wealth around the world. Heck, if we were hoarding everything for ourselves we'd probably have threads on that, telling us how the US is robbing everyone else. There's always an angle somewhere, if you look hard enough.

 

[LtPage1]

Originally posted by: TastesLikeChicken

Originally posted by: Darkhawk28

Originally posted by: Engineer

Originally posted by: TastesLikeChicken
It's a short-term deviance due to the record high oil prices recently. When it's an actual meaningful trend and not just a momentary blip, please do let us all know.

And you think oil prices are going to go back down? Seriously?

I know, my Diet Coke almost shot out of nose when I read that.

The straw goes in your mouth dude. At least, for Diet Coke.

lol. still though, cmon- its a one-time-use resource. the more we use it, the less supply there is, the more it costs. not to mention the iraq situation.

 

[charrison]

Originally posted by: Engineer

Originally posted by: Dari

Originally posted by: Engineer

America's trade deficit with Canada grew to $5.6 billion in October, a 7.8 percent increase from September. The United State's trade imbalance with Mexico surged by 15.4 percent to $4.4 billion in October as imports from the country hit record highs.

The United State's trade deficit with oil-producing nations, including Saudi Arabia and Venezuela, clocked a record $7.2 billion in October as imports from these countries hit all-time highs.

America's deficit with Japan, however, narrowed in October to $5.9 billion as U.S. exports to Japan were the highest since March 2001.

Let's see...we have a trade deficit with Canada? Mexico?

I see the Saudi Arabia deficit being oil and the China/Japan trade deficit being almost anything manufacturered...

but Canada? Mexico - oil maybe?

Seems we really are just a county of consumers and not producers.

I urge you to study economics and look at the data before posting. A lot of these information are obvious, even to High School economics students.

I'm not an economist, hence my nickname. Is there not a country that we run a SURPLUS with? I understand that we shipped nearly 100 BILLION last month, yet imported $155 BILLION plus. The entire comment was that we even import more from Canada than we sell. I'm not sure what your comment directed toward my lack of economics knowledge is about.

So why is the rest of world not buying our goods?

Maybe they just dont have enough income to do so. This country has had trade deficits most of its history. The last time we had a trade surplus was in the carter years, and we know what a good economy that was.

 

[Jhhnn]

From charrison-

"So why is the rest of world not buying our goods? "

Maybe because American Capitalists have been offshoring production and jobs at an accelerating rate, meaning we don't have a helluva lot to sell other than raw materials. The incentive to offshore is extremely strong, given the overvaluation of the dollar, supported by huge federal deficits that soak up excess dollars.

Maybe because that overvaluation makes american goods less attractive, price-wise...

Maybe there's a backlash against arrogant and bullying foreign policy, wars of adventure and other aspects of American power?