WSJ. The US trade deficit rose to $60.3 billion in November
(is there a link to the elections?). A new record. Despite a sinking
dollar, the sale of US goods abroad dropped (down 2.3%). This is
terrible news. The relative performance of the US vs. all other nations
is on a slippery downward slope. While we focus on military power, the
rest of the world is focused on economic power. [John Robb's Weblog]