Trade defecit is down 12% from one year ago, that's a pretty good fluctuation in my opinion, especially if it continues. (64 billion to current level 56.5). Domestic producers are helped the most while consumers are at a disadvantage since it costs them more to buy their fiji water and what have you. This also helps fill jobs at home since demand for domestic goods increases. Unemployment is steady right now at 4.6%, not bad considering how our construction industry is doing. Nonfarm payrolls increased by 166,000 in Oct.
The sting is there for every country that imports oil; obviously not as bad as it is to a country whose currency is depreciating relative to another, but it's there.
China Energy Costs There are tons of articles on the rising costs of energy for China, this is just the first I saw.
"A study was just released last week talking about the US military being the
#1 consumer of oil in the world."
Didn't see where it said #1 consumer of oil in the world, it did say #38 consumer of oil if it was a country. I seriously doubt most of our exports are military related. Unfortunetely oil is the driving force of all/most developed countries; regardless of military power. Personally, I think OPEC just likes putting it in everyones butt.
