Tuesday, November 18, 2008

U.S. Trade deficit shrank just a bit!

The obvious sign of the decreasing demand in the U.S.

Excerpt from the holly Wall Street Journal:

" The U.S. trade deficit narrowed in Sept. but the improvement was driven rather by a combination of decline in imports and exports underscoring the fragile state of the global economy. The U.S. labor market, meanwhile, is worsening at the rapid clip, which could further undermine growth."

The srink might be due to the low demand of petroleum and since the oil is getting cheaper?

Analysts predict the narrowing will likely continue!

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