Reality Check: U.S. Cargo Executives: August Imports Level Off Oct 13 / 10:14 EDT
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NEW YORK (MktNews) - August imports were artificially dampened by tremendous bottlenecks in Southern California -- but a mighty surge was witnessed in September and October that suggests more monthly trade deficit records are likely to be broken, say cargo executives.
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Exports were range-bound, even somewhat down, in August -- and the removal of export subsidies this week is likely to reverse the little forward progress seen on outbound this year, they say.
The nation's two largest ports, Los Angeles and Long Beach, are clogged -- with close to 90 cargo ships "sitting beyond the breakwater" waiting for dock space, a picture somewhat reminiscent of the port lockout two years ago, which had graver economic repercussions.
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Port officials say the congestion got worse in September and early October with the nation's largest retailers waiting to the final moment to bring in holiday goods in an effort to cut inventory costs, overwhelming the ports, rails and trucks that handle the cargo.
With Southern California ports so strapped, cargoes have been re-routed to other ports.
"August was strong, strong, strong -- imports are heavy," said Clement Chin, business development manager at the Port of Oakland. "A lot of cargo is being diverted out of southern California due to congestion in that corridor."
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he U.S. Commerce Department is scheduled to release international trade data for August on Thursday, Oct. 14 at 8:30 a.m. EDT.
Die Ruhe vor dem Sturm. Das Handelsdefizit für August wird erwartet zwischen $46 - $55 Milliarden - dieses ist die Ruhe - der Sturm ist das September Handelsdefizit welches möglicherweise einen neuen Rekord mit $60+++ Milliarden aufstellen wird, weil der Ölpreis im September beträchtlich angestiegen war.
Mit taumelnden Bonderträgen und abnehmenden Returns von dem breiten US-Aktienmarkt (Dow Jones, Nasdaq) wird es immer schwieriger um ausländische Investoren für Investitionen in den USA zu begeistern - speziell wenn der US-$ täglich weiter an Boden verliert.
Handelsdefizit + Hausgedefizit + Current Account Defizit + eine verlangsamende Wirtschaft + verlangsamende Unternehmensgewinne + höhere Derivaterisiken + Immobilienblase + reduzierte Verbraucherausgaben + höherer Ölpreis + Schuldenblase
= der Generationen Gold- und Silberbullmarkt |
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