Posted on 02/28/2022 6:21:14 AM PST by Browns Ultra Fan
Biden's short-sighted policies strike again!
The U.S. merchandise-trade deficit unexpectedly widened in January to an all-time high, reflecting a record value of imports and a drop in shipments overseas.
The shortfall grew to $107.6 billion last month from $100.5 billion in December, according to Commerce Department data released Monday.
Meanwhile, the US Treasury 10Y yield fell to 1.884%.
Meanwhile, the Russian Ruble is getting clobbered.
At least Putin hasn’t put himself on Russian currency … yet. Or nyet.
(Excerpt) Read more at confoundedinterest.net ...
Bidenomics: The gift that keeps on giving. (Or, as another FReeper said, “The grift that keeps on grifting.)
FR THREAD....Biden Finds A New Level Of Worthless
Given how the Biden administration is bending over backwards to protect Putin’s cash flow, you’d think Hunter was on his payroll.
How else to explain that the Biden administration has explicitly excluded financial transactions “related to energy” from any impact from sanctions?
The definition of “related to energy” the Treasuring Department put out can literally be interpreted to mean about 99 percent of all transactions anywhere. Read this and ask yourself what sanctions actually matter? You won’t find many.
You really do have to think Hunter is cashing checks directly from Putin at this point. It’s the only way to explain the disconnect between the rhetoric and the reality coming out of the President’s mouth.
Stupidity and senility only go so far, this is so blatant that there has to be more to it. Joe Biden has always been worthless, he’s now taken that skill to a whole new level. And a lot of people are dying because of it.
We should make tariffs formula driven based on the size of the trade deficit. Have them automatically rise or fall in 5% increments up to a maximum of 25% per quarter based on the overall trade goods deficit and the country trade goods deficit. And don’t lower them until the trade goods balance comes down 3 quarters in a row.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.