Is the Dollar weak enough to plug the trade deficit?
*Reuters, by Doug Palmer, April 10, 2008
“The U.S. trade deficit widened unexpectedly in February as imports of consumer and other goods set a record and grew faster than exports, which hit a record for the 12th consecutive month, a U.S. government report showed on Thursday.
The monthly deficit widened 5.7 percent to $62.3 billion, from an upwardly revised estimate of $59.0 billion for January. Wall Street analysts had expected the gap to narrow to $57.5 billion.”
*This information is solely an excerpt of a third-party publication and is incomplete. Please subscribe to the referenced publication for the full article. 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.
For 50 years, Monex has been America's trusted name in gold and other precious metals. With client transactions now totaling over $55 billion, Monex Deposit Company, established in 1987, is today America's premier precious metals dealer because of our dedication to customer service and satisfaction.