US trade deficit swells in July to highest level since 2008
The US’s trade deficit in goods and services grew to $63.6bn, its highest since July 2008..
The country’s goods deficit of $80.9bn, was the highest on record.
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Mervyn King
Mervyn King was governor of the Bank of England during the financial crisis Mervyn King is playing a game of chicken with the world’s most irresponsible industry. Martin Wolf, Financial Times 21/9 2007 Man who started QE. King is good at articulating what’s wrong with the global economy, not so good when it comes to solutions. https://englundmacro.blogspot.com/2025/07/mervyn-king.html
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