U.S. Trade Deficit Soars To A Record $61B Annalisa Burgos, 04.12.05, 10:20 AM ET
NEW YORK - In the headlines this morning, the U.S. trade deficit surged to a record $61 billion in February. That's up 4.3% from January's $58.5 billion trade gap and wider than analysts expected. The increase was due to a $2.58 billion jump in imports, especially of oil and textiles, which dwarfed a $50 million rise in exports. ------------------ So remember, Mr. Bush's lead economic advisor, the guy who says US citizens save too much (a whopping 0.6%), had predicted BIG export numbers due to a cheap dollar. Let's look at the numbers: Export rise: $50,000,000 Deficit rise: $2,580,000,000 Hmmm ... I'm no economist but I'd say the policy of the last 5 years just isn't turning that predicted corner. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Find out how CFTicket can increase your company's customer support efficiency by 100% http://www.houseoffusion.com/banners/view.cfm?bannerid=49 Message: http://www.houseoffusion.com/lists.cfm/link=i:5:153551 Archives: http://www.houseoffusion.com/cf_lists/threads.cfm/5 Subscription: http://www.houseoffusion.com/lists.cfm/link=s:5 Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5 Donations & Support: http://www.houseoffusion.com/tiny.cfm/54
