Trade

We've got good news and bad news for you today ladies and gentlemen.

As always clicking on the charts will take you someplace really, really interesting.

First the good news.

Then the bad news.

The above, as stated previously, being resultant of the following real, real bad news.

Which of course brings us to the extremely, exceptionally bad news.

Especially if you happen to be one of those people who work and save their money.

Bye the way, we're still over here trying to figure out the FED ............. seriously.

From Calculated Risk via Clusterstock Chart of the Day.

Click the chart for a very simple analysis of the numbers.

Blue is the total trade deficit.

Red is the trade deficit minus petrolium.

Black is petrolium. 

From today's Wall Street Journal

China Talks Tough to U.S.

Premier Blames American 'Trade Protectionism' for Tensions Over Currency

By ANDREW BATSON, IAN JOHNSON And ANDREW BROWNE

BEIJING—Premier Wen Jiabao aimed sharp words at Washington on Sunday, ceding little ground on China's currency policy and suggesting that U.S. efforts to boost its exports by weakening the dollar amounted to "a kind of trade protectionism."

Link to the entire story here  

If anyone would know it when they see it ............