Posted on 10/28/2016 8:55:57 AM PDT by mrsmith
"... the spike in exports - which curiously came a time of a stronger dollar - was the highest seen in over two years, and amounted to $49 billion in chainged dollars, or roughly 41% of the nominal $119 billion annualized increase in Q3 GDP. Where it gets even more surprising is looking into just what the exported commodity was. The answer: soybeans... So according to the US government Bureau of Economic Analysis, in the quarter, goods exports amounted to $41 billion of the $119 billion chained dollar increase, while Soybeans accounted for some $38 billion of this number.
Or, said otherwise, soybean exports were responsible for just under a third, or 0.9% of "growth" in the world's biggest economy. "
(Excerpt) Read more at zerohedge.com ...
I remember an America that used to make things.
Mr Hoffman to Ben
One word Soybeans
https://www.youtube.com/watch?v=PSxihhBzCjk
Apparently the increase in the US exports is due to decreased yields in Argentina and Brazil, the world’s largest exporters of soybeans.
Exactly how I felt!
Well, looks like Obama’s *glorious* GDP numbers aren’t going to get much coverage today LOL!
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