Trade

Consumers, Governments Spent like Drunken Sailors in Q1. Private Investment Plunge & Inventory Change Dogged GDP

by Wolf Richter • Apr 27, 2023 • 71 Comments

Americans came out of their funk they’d been in late last year. They’re 70% of GDP. They blew money left and right; spending on durable goods spiked!

US Trade Deficit 2022: Imports, Exports of Goods and Services, by Product Category and Country

by Wolf Richter • Feb 8, 2023 • 141 Comments

Ugliest-ever trade deficit. But US exports grew to $2 trillion, 10% was crude oil & petroleum products. Pharma & industrial machinery exports were #3 and #4.

US Natural Gas Futures Spiked to Highest since 2008, Tripled in a Year: Why We Kissed that Dirt-Cheap Natural Gas Goodbye

by Wolf Richter • May 25, 2022 • 151 Comments

The boom in natural gas exports creates massive demand on US production and connects US prices to the rest of the world.

GDP Sunk by Trade Deficit Shitshow (Result of Globalization), Drop in Government Spending. Consumers Held up Despite Raging Inflation

by Wolf Richter • Apr 28, 2022 • 173 Comments

Inventories are slowly recovering, but remain below where they should be.

US Trade Deficit Exploded in 2021: The Price of 30 Years of Rampant Globalization

by Wolf Richter • Feb 8, 2022 • 202 Comments

The US still exports a lot of stuff — record amounts. But it drowns under a tsunami of imports. And the services surplus fizzled.

Year of Distortions, Shortages, Massive Inflation, Worst Trade Deficits Ever, and Hyper-Stimulated Growth Ends with a Bang

by Wolf Richter • Jan 27, 2022 • 150 Comments

But companies were finally able to rebuild some woefully low inventories.

Stimulus for the Rest of the World: Imports Spike, Trade Deficit in Goods Worsens Relentlessly

by Wolf Richter • Dec 29, 2021 • 204 Comments

Three-decade trend brought about by Corporate America and the religion of globalization.

Just Keeps Getting Worse: Services Trade Surplus, the American Dream-Not-Come-True, Worst in 10 Years. Imports Worst Ever. Trade Deficit Worst Ever

by Wolf Richter • Oct 5, 2021 • 205 Comments

Driven by Corporate America and the most grotesquely overstimulated consumer spending ever.

The Everything Shortage & Price Hikes Plastered All Over Fed’s “Beige Book”

by Wolf Richter • Sep 8, 2021 • 180 Comments

“We need lower consumer demand to give supply chains time to catch up… recover efficiency… and break this vicious circle”: CEO of Maersk’s APM Terminals, one of the largest container port operators.

Container Port Chaos in China, Soaring Freight Rates, Spiking US Producer Prices, as Fiscal & Monetary Stimulus Still Rage

by Wolf Richter • Aug 12, 2021 • 146 Comments

Some disruptions are “transitory,” but the spiral that the mix of ongoing over-stimulation has set off is anything but “transitory.”

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