• +2.0% in Q3 2010 (advance estimate)
For the US to even sustain its basic payments on its last place account balances we must at least have a growth rate of 5%. To make payments and to actually be creating a positive income flow. 3% is redline we are still in the red.
• -0.1% in September 2010
Personal income is still shrinking.
• Deficit increased to $46.3 billion in August 2010(p) from $42.6 billion in July 2010(r).
The world loves trading with the US but their domestic economics fails to allow the US to trade with them. So the US gets shafted.
• Current-account deficit increased $14.1 billion to $123.3 billion in Q2 2010(p).