Did the bounce in the dollar solve the U.S. Trade Deficit problem?
*The Wall Street Journal, by Jeff Bater, September 11, 2008:
"The U.S. deficit in international trade of goods and services
increased by 5.7% to $62.20 billion from June's revised $58.84 billion,
the Commerce Department said Thursday. The June trade gap was
originally reported as $56.77 billion.
U.S. exports in July climbed 3.3% to $168.15 billion from $162.79 billion. July imports increased by 3.9% to $230.35 billion from $221.62 billion. The nation's trade gap with China surged.
The overall, $62.20 billion trade deficit was much bigger than Wall Street expectations. Economists surveyed by Dow Jones Newswires estimated a $58.80 billion shortfall for July. It was the widest trade deficit since $62.32 billion in March 2007."
*This information is solely a highlight of the opinion of a third-party publication and is incomplete. Please subscribe to this publication for the full and timely opinion of the author and call a Monex Account Representative for any additional up-to-date information. This is not an offer to buy or sell precious metals. Investors should obtain advice based on their own individual circumstances and understand the risk before making any investment decision.
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