US Trade deficit=$558B for 2011 My comment: The export led recovery is missing in action. The country's twin deficits continue to climb inexorably higher with almost $2Trillion being added to the debt annually.
Trade Deficit in U.S. Rose in December to Six-Month High on Import Growth: http://www.bloomberg.com/news/2012-02-10/trade-deficit-in-u-s-rose-in-december-to-six-month-high-on-import-growth.html Excerpts: The gap increased 3.7 percent to $48.8 billion from $47.1 billion in November, Commerce Department figures showed today in Washington. Purchases of goods and services produced overseas were the strongest in more than three years on record demand for capital equipment like machinery and semiconductors.
For all of 2011, the shortfall grew 12 percent to $558 billion, the most since 2008. Both imports and exports climbed to records.
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