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April 13, 2012

Oil and the Real U.S. Trade Deficit

Spencer England, Business Insider


New American

The monthly trade data was reported this morning and you will see press reports about the nominal trade deficit. But I like to look at the real trade data as it gives a better feel for the economic impact of trade. The real trade deficit is improving and the balance in February was $44,148 million ( 2005 $) as compared to $48,294 million ( 2005 $) in December. . .

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TAGGED: economy, oil, Angry Bear Blog, Business Insider

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