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| Economy |
| Trade Deficit of U.S. Unexpectedly Widens |
| 2011-08-11 |
| h/t Instapundit The U.S. trade deficit unexpectedly increased in June to the highest level since October 2008 as a slump in exports exceeded a decline in shipments from overseas. The gap widened 4.4 percent to $53.1 billion from $50.8 billion in the prior month, Commerce Department figures showed today in Washington. The deficit exceeded all estimates in a Bloomberg News survey of economists in which the median was $48 billion. Exports declined the most since January 2009. Unexpectedly |
| Posted by:g(r)omgoru |
| #4 Unexpectedly, you say? |
| Posted by: Bobby 2011-08-11 19:38 |
| #3 A declining USD should increase exports. Not if U.S. businesses have elected to maintain a holding pattern. |
| Posted by: Pappy 2011-08-11 18:01 |
| #2 Me for one. A declining USD should increase exports. This is pointing to a global recession. |
| Posted by: phil_b 2011-08-11 17:36 |
| #1 Gee... who would have thunk it? |
| Posted by: DarthVader 2011-08-11 17:25 |