May 11, 2005
-- by Dave Johnson
An unexpected retreat in the United States' demand for imports trimmed the trade deficit in March to a six-month low, the government reported today, creating a far brighter picture of the economy than previous data suggested.A big drop in demand is a GOOD thing? OK, what am I missing?
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Didn't oil prices drop a bit last month? Flirting with $50/barrel after being well above that? Also, if the general economy tanks, imports should go down as well.
Still, the economics propeller-heads should have already accounted for all that, so it wouldn't have been "unexpected."
Posted by: jimBOB at May 11, 2005 10:43 AM
When we can no longer afford to buy anything, the trade deficit will drop to zero. Isn't that wonderful?
In other news, forget your pension: it's less important than the (presumptive) survival of the company that promised to hold and wisely invest your own retirement money for you.
Posted by: Michael Miller at May 11, 2005 10:55 AM
It's not good, but an constant, increasing CA deficit isn't good either. If exports were increasing though, that would be good.
Posted by: Jason at May 12, 2005 11:45 AM
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