How is it that America finds herself in the position of schoolyard patsy, woe-is-me casualty of China's illegal trade practices that are destroying U.S. renewable energy manufacturing and foreclosing an energy-independent future?
The current account deficit is not something, per se, that countries should be worried about. Indeed, the word "deficit" is a misnomer. What a country's current account measures is the net amount of resources foreigners are investing in the country.
Exports were the one solid performer -- until last quarter when they dropped over 20%. Imports dropped as well due to the lack of consumer demand. There is no area of the economy looking good right now.