U.S. Trade Deficit Hits All-Time High in October

These numbers are really amazing...We are not manufacturing anything in this country anymore. Major companies like GM, MSFT, and Ford already announced increased investments in India and China....We are borrowing from China, paying them interest on the debt, and using the borrowed money to buy things from them? How can this have a happy ending?

AP - Trade Deficit Hits High As Oil Imports Soar

Wednesday December 14, 1:49 pm ET

By Martin Crutsinger, AP Economics Writer

WASHINGTON (AP) -- A surge in oil imports and a flood of Chinese televisions, toys and computers helped to drive the U.S. trade deficit to an all-time high in October.
The Commerce Department reported Wednesday that the gap between what America sells overseas and what it imports rose by 4.4 percent to $68.9 billion, surpassing the old record of $66 billion set in September.

10 year paper is at 4.45 just as the overnight bank to bank lending rate is at 4.25.

I have never seen anything like this in my life.

I think the most important "no confidence" vote has already happened against "W" - in the bond pits of the Merch.

Be so careful here.

Joe

I only signed in here to see if there was a good dem response to the W speech this am. If there was, can you please direct me??

All in all, the speech wasn't near as good as monday's. SO I think the dems will have a good response.

Thanks