"dashing hopes that the recent fall in the dollar would stimulate exports."
Record high for US trade deficit.
"There were hopes that the dollar's weakness would boost exports
The US trade deficit hit an all-time high of $43.1bn (£24bn) in January, dashing hopes that the recent fall in the dollar would stimulate exports."
Oh, well, it was a good idea. Bought 43.1 billion dollars more than we exported in January. Lessee. X 12 = A BIG BUNCH.
Ain't globalization wonderful? In exchange for getting our jobs, they have to buy our bonds, stocks, properties.
I don't get it. They get the jobs, they make the money, they buy our stocks and bonds and property. We're working for them??!!
How did that happen? Is this good?? Can it continue at the rate of $500 billion per year?
Arf
