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Tuesday, June 14, 2011

ECONOMY BAD? BET YOU DIDN'T KNOW THIS BUT.......

Exports from the US are up....how far up? RECORD LEVELS. Yes, that is what I said, RECORD LEVELS. Consider the details in this press release of FACTS from the Export-Import Bank of the United States.....April 2011, the US Exported goods and services of $175.6 Billion...the largest one month total...EVER RECORDED! Yes, thats the facts.
In addition to that..Exports are up 16% over last year. The trade deficit, (Exports to Imports) is down $47 Billion. So, that means we are exporting more and either staying constant or probably reducing our imports. Isn't that a good thing? Long Term loan guarentees on exports is up 34% so even the banks see a trend that is growing. Who is buying more from the US? Let's see, there is Turkey, South Africa, Panama, Taiwan, Peru, Brazil, Argentina, Malaysia, Hong Kong, and Indonesia...wait...Hong Kong and Indonesia? I thought we imported a lot from them. Nice to see they are starting to return the favor!
WOW, check this out...our current President made a campaign promise of doubling our exports by 2014. Everyone, including those in this blog, had a great chuckle. BUT, the facts are that at the current annual increase rate of 16.7% we are on today, we will meet that goal since we only need to have an annual increase of 15% year over year when he took office to double it.
But, why doesn't anyone talk about this? Why doesn't that have an impact on unemployment rates in the US? Why is all of a sudden, Manufacturing is cool and upcoming? Well, you'll have to return here next month to get those answers.