U.S. Exports Hit More Than $175 Billion in November

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  • While those stats sound good at first glance, please see the article here on CDN titled “Anemic GDP Growth Fueled by Massive 4Q Trade Deficits” for a different take on this “news.” In November 2011 we jumped to a total of 47.8 billion dollars in trade deficits, keeping 4q GDP growth at a measly 2.0%. While exporting a little more over a historically low period in 2010 is an improvement, in the grand scope of things the trade deficit is keeping our true growth potential stagnant at best.