In the past several years, nationalistic rhetoric and support for protectionist trade policies have risen sharply across the world. The election of President Donald Trump signaled that Americans are dissatisfied with the economy, including foreign trade. But others point out that the United States often benefits from trade.
HowMuch.net has created the infographic below to show the U.S. states most reliant on foreign trade.
Source: HowMuch.net
Authored by Paul Craig Roberts,
Two weeks ago, when JPMorgan launched Q1 earnings season, we noted that while the results were generally good, one red flag emerged: the company's credit card charge offs rose to just shy of $1 billion, the highest in four years.
It wasn't just JPM: all other money-center banks reported similar trends, so we decided to look into it.
Trump Now A Captive Of The Deep State
Paul Craig Roberts
WTI/RBOB prices were at the lows of the day after last night's huge surprise inventory data from API, but kneejerked higher after DOE reported a surprisingly large crude draw (the biggest since Dec 2016. However, it's clear that refineries are on fire as gasoline and distillates inventories surged by the most in at least 3 months. US crude production rose once again to its highest since August 2015.
API