Submitted by Tyler Durden on 03/09/2012 08:55 -0500
headlines
Trade Balance
While NFP dominated the headlines, the US Trade Balance (deficit) limped out and dropped far more than expected. At a $52.565bn Deficit, this is the worst trade balance since October 2008. Perhaps more shocking is the fact that the 3 month drop (rise in deficit) is the largest ever on record, dropping $9.4bn in that period. Unsurprisingly, the bulk of this drop is in the 'Petroleum' trade balance which has accelerated the most in the last 3 months (coincidentally dropping the most since last March and we know how that ended).
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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