The New CS Board

[jumanji0881]

Who Cares About The (Record) Trade Deficit? We All Should... | ZeroHedge: https://www.zerohedge.com/economics/who-cares-about-record-trade-deficit-we-all-should

My Comment : Huge trade deficits, huge national debt and deficits, and high inflation. The US$ is doomed.

Excerpts:
Another milestone (or more accurately millstone) was recently passed by the U.S. economy as the January trade deficit surged to an all-time record high of $107.6 billion, up some $26 billion from December’s $80.7 billion imbalance.

Even with this advantage, however, trade deficits have continued to grow. It appears that even its status as the possessor of the world’s reserve currency may be coming to an end as the dollar’s preeminence will fall with the surge in price inflation. This will have a devastating effect not only on the domestic economy but its foreign trade as well, as the country will not be able to export dollars for goods in the future.