Very good economic news
The New York Times is reporting some very good economic news. The trade deficit decreased $55 billion dollars in March. This was because of greater demands for American goods and less Chinese imports. Coupled with the low unemployment rates, the economy is looking much better.
The stock markets took a dip today and then recovered on the news that the Capitol buildings were being evacuated due to a small airplane entering restricted airspace. From Reuters
In my opinion, the news about the trade deficit decreasing and the lower unemployment rates may be intrepeted as the economy is getting stronger and hopefully we'll be experiencing a higher GDP than previously thought.
posted by SEAWITCH at
10:05:00 AM
1 Comments:
"This was because of greater demands for American goods and less Chinese imports"
I wouldn't even worry too much about the Chinese imports considering that most of them are US brands like Nike.
US companies selling to US public using Chinese labour.
As long as the US public can earn money from other than manufacturing sources - the trade deficit is really only on paper.
These new economics are just so much more difficult for the media to digest and deliver as news.
Post a Comment
Subscribe to Post Comments [Atom]
<< Home