That consumer is also global and is indicted in trade deficit. The cost of energy through traditional fossil fuels is incredibly expensive and ends up in the pockets of Wall Street and not in circulation in economies, including the USA.
Besides the cost of fossil fuels globally, Europe is still struggling under oppressive economic conditions. So, where the USA economy connects with the global economy there is a stagnant effect.
The level of business transacted at the whole sale level hasn't changed and that is somewhat reassuring, but, that can change and probably will. The global trend started two months before we realized it two months ago. The global trend was discovered four months ago and it reached the USA two months later.
It ain't over yet.
Small businesses and strong local economies to the extent it can occur is the best option for Americans and acts as a buffer to these downturns.
Buy American and fight fossil fuel energy. THINK DOMESTIC and CLEAN and GREEN ENERGY. The cost of fossil fuels are set by Wall Street on a global basis. There is no amount of USA drilling that will effect the cost of fossil fuels. There is no capacity that can be achieved to reduce its costs. Morally, there is no capacity that should be achieved either, but, the physical ability to actually achieve that is not there.
Besides the cost of fossil fuels globally, Europe is still struggling under oppressive economic conditions. So, where the USA economy connects with the global economy there is a stagnant effect.
The level of business transacted at the whole sale level hasn't changed and that is somewhat reassuring, but, that can change and probably will. The global trend started two months before we realized it two months ago. The global trend was discovered four months ago and it reached the USA two months later.
It ain't over yet.
Small businesses and strong local economies to the extent it can occur is the best option for Americans and acts as a buffer to these downturns.
Buy American and fight fossil fuel energy. THINK DOMESTIC and CLEAN and GREEN ENERGY. The cost of fossil fuels are set by Wall Street on a global basis. There is no amount of USA drilling that will effect the cost of fossil fuels. There is no capacity that can be achieved to reduce its costs. Morally, there is no capacity that should be achieved either, but, the physical ability to actually achieve that is not there.
...Another government report says a key measure of inflation at the wholesale level stayed level in March. Outside the volatile areas of energy and food, prices in the overall economy rose three-tenths of a percent, which is a bit more than the previous month.
A separate report showed the U.S. trade deficit dropped to the lowest point in four months in February. The gap between what U.S. producers sell overseas and what Americans buy from foreign sources declined more than 12 percent for the month as the volume of oil imports dropped and orders for Chinese-made goods declined....
