Yglesias

Trade Deficit Back on the Rise

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CREDIT:

Running a trade deficit is not, as such, a terrible thing. But you can’t run a giant trade deficit forever. And initially it looked like one consequence of the recession was going to be a rebalancing of America’s trade flows. Now, however, the deficit is back on the rise once again raising the question of how we’re ever going to get to a sustainable situation for the global economy.