Thursday, August 11, 2011

June Imports and Exports

It looks like it is 2008 again in trade data, and on Wall Street, and everywhere else.  I hope we get it right this time, and let the banks default, THEIR economy crash, and we clear the decks, settle the debts, and restart, this time with private banks, not the federal reserve system.  Now would be worse than 2008, but if we wait the problems get far worse.  WE simply are not producing, progressing, because of the bad debt sitting on paper.
Graph of International Trade Balances


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