Trade Balance Deficit Grows, But Underlying Data Good in Nov + Export and Import Prices Continue to Moderate in Dec

[mEDITate-OR:
not see the huge shifts taking place on all three US Coasts
and on both borders - north and south
---------

----------
As the EURO drops, exports to them from U.S. drop, a lot; but the price to U.S. for buying Porsche 911s, BMWs and Mercedes also drop. True, only the 1% can still afford them, but let'U.S. not be too unfair to them too.
But, if Europe cuts back from U.S., they also might from China. Which, once again, makes Chinese exports TO us more important to their economy. And, will make them FAR less likely to change the value of the Yuan.
At the same time, while we are importing US$ 5 Billion a month from Canada, Mexico and Venezuela, each...
we are not exporting huge amounts of refined fuels to them and the rest of the world.
U.S., an exporter of OIL?
-------
The 1st two charts are very interesting: the 1st shows U.S. only that the trade deficit is getting worse; the 2nd shows U.S. that while that is true, BOTH imports and exports are growing.
The 3rd chart shows U.S. both the seasonal changes , but also the size increases.
The 4th shows that, when inflation is factored, imports without oil increased more than WITH oil.
That is so, bcuz we are reducing our amounts of imported crude oil. And, that is VERY good.
Bcuz we make a LOT more money selling refined fuels, than we are spending to buy the crude to make them, and a lot of that is now using our own supplies
A major economic shift, in favor of U.S.
--------

---------
The two article below are one of the few blog posts that look at both the level of exports and imports, but also the change in prices, and the trends for both.

However, what might be rather interesting to notice is the changes that appear in exports to Europe, and imports from Europe - compared to the changing value of the EURO.

While we should see a decline in European imports from both China and U.S.; are we also seeing an increase in our buying Porsche 911s, BMWs and Mercedes? So, what are the container counts on the East Coast?

And, if we are not buying German cars, why not? How are the German banksters going to loan the PIIGS the money to payoff their debts, so our Wall Street banksters do not have to "cover" them with our CDSs? Tell me that.

=========

-------------

----------

-----------

----------

=========
November 2011 Trade Balance Deficit Grows, But Underlying Data Good
http://econintersect.com/wordpress/?p=17795
------------
Export and Import Prices Continue to Moderate in December 2011
http://econintersect.com/wordpress/?p=17798
==========