Peak Debt And The End Days Of America’s LBO, Part 1

Today’s plunging trade deficit was a reminder that the Donald is on to something with respect to the nation’s sputtering economy—even if he is out-to-lunch about the causes and the solution.

As it happens, the monthly trade deficit for July at $73.1 billion was among the 5 worst in history; and there is absolutely no confusion about which way the trend is going per the graph below.

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