The United States posted a $65.7 BILLION trade deficit in February. The U.S. hit a record high [or low, depending on how you frame it] in January with a $68.7 BILLION trade deficit. The end of 2005 net trade deficit was $723.6 BILLION.
China posted an $11.19 BILLION trade surplus for March, doubling the surplus from March of 2005.
That’s a lot of money to make up. And we’re digging deeper into debt to China every day. When they call in those loans, whether in physical cash or political power moves, it’s going to be really ugly. populist has diary from over the weekend citing the $2B/day we’re borrowing from overseas [including China] to keep spending while operating under such crushing deficits. $2B a day. Lovely.
