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| Home Front: Economy |
| Surprise! U.S. trade gap tumbles--trade deficit shrank a surprising 9.2 percent in March |
| 2005-05-11 |
| Posted by:Sobiesky |
| #4 Maybe. I still figure a slight drop in oil prices, and the dollar under 130 eu helped. |
| Posted by: Shipman 2005-05-11 19:59 |
| #3 A fall in the dollar would hurt the amount. While there may be a short term 'J-curve' (explaining the few months delay before the USD's fall took effect), the net effect is to decrease imports becuase they are more expensive and increase exports becuase they are cheaper. |
| Posted by: phil_b 2005-05-11 19:37 |
| #2 A fall in the dollar would hurt the amount. Likely it was a slight strengthening of the dollar and a slight fall in oil prices helped by a nonchelant consumer market for Eu smoke and mirrors. |
| Posted by: Shipman 2005-05-11 19:07 |
| #1 Looks like the main cause was a drop in consumer spending, although the fall in the USD doubtless helped. |
| Posted by: phil_b 2005-05-11 19:02 |