Re: The trade deficit in the U.S. shrank more than forecast in November as oil imports dropped to the lowest level in three years and exports climbed to a record.
Msg. 59772 of 65535 (This msg. is a reply to
59770 by
clo)
Jump:
Hmmm! $34.3 billion times 12 = $408.6 billion per year. Swell!
Still sounds like were endangering our future by continuing to be a consumer nation with an unending supply of spare cash. Imagine what the trade deficit would be if not for the domestic shale energy bonanza.
- - - - - The above is a reply to the following message:
The trade deficit in the U.S. shrank more than forecast in November as oil imports dropped to the lowest level in three years and exports climbed to a record.
By: clo in
FFFT Tue, 07 Jan 14 7:36 PM
The trade deficit in the U.S. shrank more than forecast in November as oil imports dropped to the lowest level in three years and exports climbed to a record.
The gap narrowed 12.9 percent to $34.3 billion, smaller than projected by any economist surveyed by Bloomberg and the least since October 2009, figures from the Commerce Department showed today in Washington. The gain in sales to overseas customers was led by aircraft and chemicals.
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