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How massive is the trade deficit problem, suggesting further dollar devaluation?

*Financial Times, by Reuters, February 13, 2007

“The U.S. trade deficit widened more than expected in December and grew 6.5 per cent during all of 2006 to a record $763.6 billion, a U.S. Commerce Department report showed on Tuesday.

The monthly trade gap totaled $61.2 billion, up 5.3 percent from November as oil prices rebounded and Americans imported record amounts of consumer goods and autos and auto parts.

The December shortfall exceeded the median forecast of $59.5 billion made by Wall Street analysts surveyed before the report. It also marked the tenth time in 2006 that the monthly deficit exceeded $60 billion.”

*This information is solely an excerpt of a third-party publication and is incomplete. Please subscribe to the referenced publication for the full article. This is not an offer to buy or sell precious metals. Investors should obtain advice based on their own individual circumstances and understand the risk before making any investment decision.

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