August Trade Deficit Surges 77% Year-Over-Year - SchiffGold.com
Source: SchiffGold.com
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DW NOTE
The trade deficit expanded by three-quarters in one year during the largest oil supply shock in history. When you shut off 20% of global seaborne crude and still run a 77% wider deficit, you are not importing energy to run an economy — you are importing everything because you stopped making it.
Bitcoin fell 0.4% to around $79,700 since midnight UTC while Asian tech stocks rallied. The DeFi index dropped 1.8%, and the Fed is set to begin a two-day meeting.
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The United States has not pressured India to cut crude oil imports from Russia, Indian Oil Minister Hardeep Singh Puri said on Tuesday, as Russian cargo arrivals to the world’s third-largest crude oil importer have declined in recent weeks amid an increase in imports from the Middle East. India’s pu