OK. Can someone explain to me why we are supposed to be having an export boom when the latest figures from Bloomberg show a trade deficit of over 59 billion dollars as of last May? I am seriously confused.
Quote:
July 11 (Bloomberg) -- Following is a summary of the U.S. trade balance report from the Commerce Department.
=============================================================================
May April March Feb. Jan. Year
2008 2008 2008 2008 2008 Ago
=============================================================================
-----------------Billions of Dollars-----------------
Total trade balance -$59.790 -$60.498 -$56.491 -$60.573 -$57.856 -$59.435
3-mo. average -$58.926 -$59.187 -$58.307 -$58.669 -$58.435 -$57.928
MoM % change -1.2% 7.1% -6.7% 4.7% 0.5% n/a
|
07-11-2008, 05:28 PM
Threaded Mode