Trade Deficit will Grow this Year

  I’m glad to see mainstream newspaper reporters accurately report that the trade deficit is a drag on growth. While the November trade deficit was narrower, the reason was energy.  Crude oil imports dropped because we produce more of our own energy.  And because the price of crude was lower. Not because our goods deficit…

Dan DiMicco: More Distorted Thinking on Trade

More wrong-headed rhetoric on trade deals to nowhere! [From the blog of Dan DiMicco  |  Dan DiMicoo  |  January 8, 2015] Every past deal has been a failure as we are terrible negotiators and even worse enforcers of the penalties for cheating and circumvention by the other signers. They use non-tariff barriers to replace their…