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Imports have been mostly flat since I turned bearish in 2004. I'm not much of a gambler, but I would bet all that I own that we will never return to the red trend line.
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Exports have been flat for well over a year and are below their 2008 peak.
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Overall port traffic has been mostly flat for the last 6 years.
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There's been no improvement in the balance of trade over the last 4 years.
Source Data:
Port of Long Beach: Statistics
Port of Los Angeles: Statistics
The X-12-ARIMA Seasonal Adjustment Program
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