For Now, Bad News Is Good Again – Ep 851
The Peter Schiff Show Podcast
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How to Hire Great Talent Fast With Indeed
The September trade deficit swelled all the way to 92.2 billion dollars, much worse than expected. In fact, it blew away the upper range of estimates, which went from 85.3 billion on the low end to 89 billion on the high end. We're buying more stuff, selling less stuff abroad, trade deficit goes up. This is bad news for the economy and will ultimately subtract somewhat from GDP. But it also is more indicative of the problems that we'll see going forward as these trade deficits get bigger and bigger and bigger.
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