We are involved in wars in the Middle East and Ukraine, the federal government is drowning in debt even though tax rates are still way too high, there has been rioting in the streets of Los Angeles and other major cities, economic conditions just continue to get worse, and a global trade war has erupted. The silver lining of having a weaker dollar is that it is supposed to make our products more competitive to the rest of the world and reduce our trade imbalances. The Commerce Department’s Bureau of Economic Analysis said on Tuesday the current account deficit, which measures the flow of goods, services and investments into and out of the country, jumped $138.2 billion, or 44.3%, to an all-time high of $450.2 billion.
Author: Michael
Published at: 2025-06-30 21:17:49
Still want to read the full version? Full article
