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US Trade Deficit

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blogs.cfr.org - 1/13/2009

The fall in the US trade deficit in November

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I’ll be unusually brief. I have been working through the latest data on China — and, well, it is hard to top Calculated Risk. The fall in the US trade deficit today was easy to anticipate. The average price of imported oil was sure to fall from $92 [...]

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mpettis.com - 1/13/2009

Is the US trade deficit sustainable? Is China’s trade surplus?

— mpettis.com — ’s December trade figures came out and, following November’s lead, everything is moving in the wrong direction.... Exports were down 2.8% (versus up 21.7% in December 2007) which although bad at least is better than the average forecast of over 4%. ... (more) Is the US trade deficit sustainable? Is China’s trade ...

US Trade Deficit

Comments vote downundo vote up Decline and Fall of Western Civilization found this 1/13/2009found this

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online.wsj.com - 1/15/2009

An 8.3% Deficit Is Plenty of Stimulus

— online.wsj.com — PHILIP I. LEVY Hey everybody, I found the stimulus. And we're in luck -- it requires no... additional action on Congress's part. It's already in the works. The Congressional Budget Office projected last week that even without a stimulus package, the ... (more) An 8.3% Deficit Is Plenty of Stimulus

Government

US Trade Deficit

Stimulus Plan

Comments vote downundo vote up Institutional Economics found this 1/15/2009found this

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calculatedriskblog.com - 1/15/2009

Trade Deficit Declines Sharply

— calculatedriskblog.com — Both exports and imports are declining, but the decline in the trade deficit was mostly about oil... prices. Petroleum import prices fell from $92 per barrel in October to under $67 per barrel in November - and will fall further in December. The Census ... (more) Trade Deficit Declines Sharply

Comments vote downundo vote up Econbrowser found this 1/15/2009found this

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why it's tough to be a landlord today...
Decline and Fall of Western Civilization — ... currencies of the major surplus nations are managed against the dollar, the contraction in excess manufacturing capacity will inevitably be shifted to the united states to a much greater degree than was true in 1930s europe (who benefited from the hoover administration's allegiance to "sound money"). america could be particularly vulnerable as much of the debt that is contracting globally is dollar-denominated, and this delevering has some considerable time and distance yet to run. as setser relays, november's contraction in american trade deficit may be short-lived as the ...

The Startling Dropoff in Trade Flows
Econbrowser — ... The trade release has already been remarked upon, in terms of the dropoff in both exports and imports signaling a synchronized recession. [1], ...