After compiling governments’ trade data, I noted that Trade alone does not provide a full picture of the global economy. Yet, having said that, two significant trade nations stood out.
(Actually three nations if you include how miniscule the China trade surplus is; if China is aiming for perfect trade-balance then they are spot on!)
With the massive news media hype of trade sanctions against Russia, I was surprised to read that both Russia and Germany recorded surpluses:
Russia recorded a trade surplus of 9867 USD Million in December of 2014.
However, the global economic data paints a dire picture.
U.S. trade deficit in goods with China Total -342.6 Billion for year 2014
[NOTE: the Chart above is not for use other than for discussions related to trade trends. The chart can be confusing in that it has data on both the U.S.-trade-with-China, and also the broader, full U.S. foreign trade deficits. Our discussions centered primarily with the last two columns of years 2013 and 2014 as we noted Brazil joined the trade deficit group of Turkey, Japan, and the USA!
I apologize for the charts’ unusual relational data, however it fits our local discussions about China-USA-Russian relations. Interesting, how Russian trade surplus contradicts the news stories of effective trade sanctions against Russia, we can not trust the governments and news media information and we agree the chart is their data and may not be trusted…
Oh, and we ask is Turkey likely to see economic improvements because of new ties to Russian trade? Rumours abound of governments, in defiance of U.S. policy, seeking to join Russian trade agreements. ~Ron]
December 2014, Trade Deficit Increased
February 5, 2015 By Henock Kebede
The [U.S.] trade deficit in goods and services increased by the highest margin on record ($6.8 billion) to $46.6 billion in December, a 17.1% increase from November ($39.8 billion, revised). The increase in the deficit reflects a decrease of $1.5 billion in exports and an increase of $5.3 billion in imports. Among the drivers for the increase in imports are record highs for non-petroleum imports ($173.2 billion) and imports of services ($41.2 billion). To view the full release, please click here.
[…]
The U.S. had record trade deficits with China ($342.6 billion) and the European Union ($141.1 billion) in 2014 while having record surpluses with South/Central America ($34.4 billion) and Singapore ($14.1 billion). [Bold font added for discussions. ~Ron]
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And now for something completely unexpected: 2 minutes of pure truth (courtesy of Mizuho’s Steve Ricchiuto) on CNBC…
148 seconds of awkward uncomfortable truthiness…
Published on Feb 10, 2015
Mizuho’s Steve Ricchiuto on CNBC
[Orders for durable goods—products like cars and kitchen appliances designed to last at least 3 years – fell 3.4% in December 2014 from a month earlier. But here is the REAL NEWS:
Durable Goods Orders have fallen 4 of the past 5 months!
That is a negative trend that should be blaringly trumpeted as sounding the economic alarm. ~Ron]
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Really interesting about Russia’s trade surplus – I suppose it’s all that oil and gas they sell to Europe.
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That may be part of it, however with so much HYPE about economic sanctions against Russia I was startled after compiling the data into the chart.
I suspect that all is not as we are being told by the news media, also I am convinced that the capital flows of institutional investment is by far the driving force of the global economy and that hundreds of trillions of dollars eclipses the physical trade action…
That deception is a repeating theme and Russia may be a part of the “controlled opposition” and as such is merely playing their role that will manifest into the desired outcome being planned, scripted and staged to implement the new policies structural reforms that will fly under the radar of the mass People’s outrage.
Oh look, the Peace talks worked, and gold now backs the currencies! Yea – for BRICS! Yea! -for Putin and Russia!
People may be cheering for their new fresh coat of paint on their slave shacks maintaining the latest version of institutional slavery for many generations to come.
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Trade Balance
Created Video: 8 Feb 2015
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