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Keyword: tradedeficit

Brevity: Headers | « Text »
  • Economy Contracted 0.7% in First Quarter, Partly Due to Rising Imports

    05/29/2015 9:04:24 AM PDT · by Olog-hai · 21 replies
    Cybercast News Service ^ | May 29, 2015 | 9:48 AM EDT | Ali Meyer
    Initial estimates of positive economic growth in the first quarter of 2015 have now turned negative. The U.S. economy actually shrank in the first quarter of 2015 as real gross domestic product (GDP) declined at an annual rate of 0.7 percent, according to the Obama administration’s second look at the numbers. The 0.7 percent decline in first-quarter real GDP was revised from the previously reported gain of 0.2 percent, which was the advance estimate put out at the end of April by the Commerce Department and the Bureau of Economic Analysis (BEA). Real GDP is adjusted for inflation and represents...
  • US jobless claims down while trade deficit narrows, according to Labor Dept.

    04/02/2015 7:26:39 AM PDT · by SeekAndFind · 8 replies
    CSM ^ | 04/02/2015 | Lucia Mutikani
    WASHINGTON — The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, suggesting the labor market continues to expand at a solid clip even as economic growth has stalled. Sustained labor market strength supports views that the sharp slowdown in activity is probably temporary. A host of factors ranging from bad weather to a strong dollar has sucked momentum from the economy in the first quarter. Initial claims for state unemployment benefits dropped 20,000 to a seasonally adjusted 268,000 for the week ended March 28, the Labor Department said on Thursday. That was the lowest level...
  • America’s financial standing with rest of world best since 1999

    03/22/2014 10:51:14 PM PDT · by ckilmer · 50 replies
    marketwatch ^ | March 19, 2014, 10:37 AM | Jeffry Bartash
    America’s financial standing with rest of world best since 1999
  • In America, the 'wealthy poor' replace the middle class

    03/21/2014 1:21:34 PM PDT · by SeekAndFind · 26 replies
    Yahoo Finance ^ | 03/21/2014 | Rick Newman
    One phenomenon of the modern economy is affluence that doesn’t feel like it. You work, earn and spend quite a lot, yet it seems you’re getting nowhere. Some new economic analysis helps quantify just how many people might be characterized as the “wealthy poor”— and it’s a surprisingly large chunk of the overall population. A new paper by economists Greg Kaplan and Justin Weidner of Princeton University, and Giovanni Violante of New York University, finds that about 70 million Americans may live in families they describe as “wealthy hand-to-mouth” households. These are families that own assets such as homes, cars,...
  • With oil imports falling, U.S. trade deficit sinks to 4-year low

    01/07/2014 9:53:50 AM PST · by SeekAndFind · 17 replies
    Los Angeles Times ^ | 01/07/2014 | Don Lee
    WASHINGTON — U.S. exports rose to a record high in November, helping to shrink the nation's trade deficit to the lowest in four years. The surprisingly positive trade report Tuesday adds to the upbeat outlook for the economy. With net exports stronger than expected, analysts revised higher their economic growth forecast for the fourth quarter, saying it will likely come in at a solid annual rate of about 3%.
  • Shale Revolution: Trade Deficit Slides

    12/18/2013 8:53:09 PM PST · by ckilmer · 4 replies
    zacks ^ | December 18, 2013 | Zacks Equity Research
    Shale Revolution: Trade Deficit Slides by Zacks Equity Research   Published on December 18, 2013 |In October, the trade deficit declined to $40.3 billion from the upwardly revised figure of $43 billion for the month of September. Particularly notable was the fact that exports of goods and services increased by 1.8% to a record monthly high of $192.7 billion. This was an 18% increase from September figures. On the other hand, imports increased only by 4.5%, to $233.3 billion. Increase in Global Demand The decline in the level of deficit indicates that the global economy has turned the corner. Shipments to...
  • Janet Yellen And The Fed Caught In a Bear (Liquidity) Trap And Why Interest Rates Will Remain Low

    11/24/2013 10:04:06 AM PST · by whitedog57 · 30 replies
    Confounded Interest ^ | 11/24/2013 | Anthony B. Sanders
    The recent confusion from The Fed over the future of quantitative easing (or money printing) can be addressed with a few charts. Here is a chart of real GDP growth PER CAPITA since 1960. Real, of course, indicates that it is Gross Domestic Product adjusted for inflation. Note that Q1 1984 was the peak of real GDP growth … and it has been a steady decline since then. realgdppercap I added the S&P 500 index to the real GDP per capita chart and you can see that the S&P 500 index spikes when real GDP growth is higher than average...
  • Senate Panel Green Lights Janet Yellen for Fed Chief

    11/24/2013 8:32:28 AM PST · by Son House · 11 replies
    Fox News ^ | Nov 21, 2013 | Matt Egan
    Yellen currently serves as vice chairman of the Fed and as a reliable dove would represent continuity with Bernanke. She has consistently supported Bernanke’s easy-money policies and even seems open to more aggressive moves to fight stubbornly-high unemployment. "I consider it imperative that we do what we can to promote a very strong recovery," Yellen said during her confirmation hearing. Yet Senate Majority Leader Harry Reid announced plans on Thursday to enact the so-called "nuclear option," which would change Senate rules to allow him to approve certain motions with a simple majority rather than 60 votes. Yellen, who was among...
  • The Pope and Godless Capitalism (Globalism)

    05/11/2013 4:18:13 AM PDT · by Colonel Kangaroo · 38 replies
    Real Clear Politics ^ | May 3, 2013 | Pat Buchanan
    "This is called slave labor," said Pope Francis. The Holy Father was referring to the $40 a month paid to apparel workers at that eight-story garment factory in Bangladesh that collapsed on top of them, killing more than 400. "Not paying a just wage ... focusing exclusively on the balance books, on financial statements, only looking at personal profit. That goes against God!" The pope is describing the dark side of globalism Why is Bangladesh, after China, the second-largest producer of apparel in the world? Why are there 4,000 garment factories in that impoverished country which, a few decades ago,...
  • TAX IMPORTS: Encourage American manufacturing, and pay off deficit.

    02/03/2013 7:43:15 AM PST · by Cringing Negativism Network · 58 replies
    (just a rant)
    OK sorry for the rant, but here goes. We are running a trade deficit which is unacceptably high. We need to make things in America, yet we import everything from everywhere else.
  • Sixty-five U.S. companies drop out of Fortune 500

    07/14/2012 1:59:15 AM PDT · by Olog-hai · 5 replies
    Daily Mail (UK) ^ | PUBLISHED: 19:11 EST, 10 July 2012 | UPDATED: 19:46 EST, 10 July 2012 | Daily Mail Reporter
    China now boasts 73 of the biggest global companies – stealing the number two spot on the Fortune 500 list from Japan. China has landed 73 companies on the list, Japan has 68 and the U.S. has 132. Although the U.S. has a clear margin, China added 12 companies to the list since last year while the amount of U.S. companies has dropped by 14. In the last decade, the amount of U.S. companies on the list has fallen from 197 to 132. Conversely, China only had 11 companies on the list in 2002 compared to today’s 73. …
  • Are trade deficits a good thing or a bad thing?

    06/21/2012 11:06:18 AM PDT · by moonshot925 · 65 replies
    econdataus ^ | 21 June 2012 | me
    The United States had a trade surplus every year from 1894 to 1970. The trade deficits started in 1971. 1975 was the last year the United States had a trade surplus. We have had a trade deficit every year since 1976.
  • Xi (Jinping) says frictions shouldn't define U.S.-China ties: report

    02/13/2012 12:48:11 AM PST · by Olog-hai · 1 replies
    Reuters ^ | Mon Feb 13, 2012 1:43am EST | (Reporting by Ben Blanchard; Editing by Ken Wills and Paul Tait)
    The United States should not let friction over economic and trade policies undermine the hugely important business relationship with China, Vice President Xi Jinping said in an interview published before a scheduled U.S. visit. Xi, widely viewed as China's president-in-waiting, told the Washington Post via written answers to questions that China was of huge economic benefit to the United States. "As economic globalization gathers momentum, China and the United States have become highly inter-dependent economically," Xi said, according to a transcript posted on the newspaper's website on Monday. "Such economic relations would not enjoy sustained, rapid growth if they were...
  • Triple Lutz Report--The Trade Deficit and Fiat Money-Perfect Together

    12/06/2011 10:37:39 AM PST · by appeal2 · 26 replies
    www.KerryLutz.com ^ | 12-6-11 | Kerry Lutz
    The United States has run up a cumulative $7.5 trillion Trade Deficit. The last time the country ran a trade surplus was in 1976. Nixon closed the Gold Window in 1971. Do you believe it's just a coincidence that the rise of an un-backed Fiat Dollar and the rise of the Trade Deficit haapened so close in time? The Country has been in a pronounced economic decline since the 1970's and when the Gold Window was closed. Since then the money supply has increased many times and so has inflation. While living standards have declined, so has domestic energy production....
  • Europe’s debt crisis takes toll in China as exports slow (may run trade deficit soon)

    11/24/2011 10:49:23 PM PST · by TigerLikesRooster · 11 replies
    WP ^ | 11/24/11 | Keith B. Richburg
    Europe’s debt crisis takes toll in China as exports slow By Keith B. Richburg, Published: November 24 BEIJING — Exports are down. Some small factories have closed. Growth projections for next year have been lowered. Foreign exchange reserves have lost their value. And in a further sign of just how badly the continuing debt crisis in the euro-zone economies is affecting China, a few economists here are even speculating that China could soon see its first trade deficit in two decades.
  • We don't need more taxes. We don't need more spending. We need American Jobs

    08/02/2011 5:03:19 AM PDT · by Cringing Negativism Network · 20 replies
    Have we as a nation become unaware of the world? We were once the single most innovative, powerful manufacturing nation on Earth. In all of human history. We were the first to the moon. We have been a nation of leaders, pioneers and builders.
  • The Man-Caused Disaster of Hurricane O

    07/15/2011 8:59:38 AM PDT · by Kaslin · 9 replies
    Townhall.com ^ | July 15, 2011 | John Ransom
    In the clearest indication yet that Obama's policies are harming the country and the economy, the US balance of trade showed a $50 billion deficit for May spurred by high oil prices, spurred by a weak dollar and lack of domestic energy production- all policies favored/created by Hurricane O's economic gurus.   The deficit increases the odds that economic growth for the year will have to be revised downward again from 1.9 percent annually, threatening to push the economy into recession territory again. Watch for the jobs market to sink back into the red. And whatever happens with the budget, don't count on federal...
  • Japan Posts Second Biggest Trade Deficit In History

    06/20/2011 12:46:57 PM PDT · by mojito · 3 replies
    ZeroHedge ^ | 6/19/2011 | Tyler Durden
    For those who may not have noticed it, the headline says "deficit" and pertains to Japan: once upon a time a booming export economy. The reason: the ongoing collapse in export trade, after May exports dropped by 10.3% from a year ago, and just better than April severe economic contraction of 12.4%. Consensus was for an 8.4% decline. The net result was a monthly deficit of 853.7 billion yen, or $10.7 billion, the second biggest inverse surplus ever.
  • U.S. trade deficit hits 9-month high in March

    05/11/2011 6:07:07 AM PDT · by Free Vulcan · 10 replies
    Marketwatch ^ | 5.11.10 | Staff
    WASHINGTON (MarketWatch) — The U.S. trade deficit widened sharply in March to the highest level in nine months despite a new record high for exports of goods and services, government data showed Wednesday. The trade deficit — that is, the difference between exports and imports — widened to $48.2 billion for the month from a downwardly revised $45.4 billion in February, originally reported as $45.8 billion. Imports of goods and services rose by 4.9% to a seasonally adjusted $220.8 billion during March, while exports rose 4.6% to $172.7 billion, the Commerce Department estimated. This was the biggest one-month jump in...
  • China should cap forex reserves at 1.3 trillion U.S. dollars: China banker

    04/24/2011 4:53:51 PM PDT · by BfloGuy · 36 replies
    Xinhua ^ | 4/23/11 | Unattributed
    China should reduce its excessive foreign exchange reserves and further diversify its holdings, Tang Shuangning, chairman of China Everbright Group, said on Saturday. The amount of foreign exchange reserves should be restricted to between 800 billion to 1.3 trillion U.S. dollars, Tang told a forum in Beijing, saying that the current reserve amount is too high. China's foreign exchange reserves increased by 197.4 billion U.S. dollars in the first three months of this year to 3.04 trillion U.S. dollars by the end of March.
  • China unexpectedly swings to February trade deficit

    03/10/2011 6:23:41 AM PST · by SeekAndFind · 3 replies
    Marketwatch ^ | 03/10/2011 | V. Phani Kumar
    China unexpectedly posted a trade deficit in February, according to official data released Thursday, and economists said this could reduce pressure on the country to allow its currency to appreciate. The rate of growth for both import and export indicators tapered off considerably from the levels seen in January, distorted by the Chinese New Year holidays during the month. Monthly exports grew a modest 2.4% from the year-earlier period, while imports grew 19.4%, after soaring 37.7% and 51%, respectively, in January. The slowdown swung the country’s trade balance to a deficit of $7.3 billion in February, more than offsetting January’s...
  • American Manufacturing Slowly Rotting Away: How Industries Die

    02/22/2011 11:15:07 AM PST · by ianfletcher · 45 replies
    Seeking Alpha ^ | February 22, 2011 | Ian Fletcher
    I wrote in a previous articleabout why America's manufacturing sector, despite record output, is actually in very deep trouble. Record output doesn't prove the sector healthy when we are running a huge trade deficit in manufactured goods, i.e. consuming more goods than we produce, and plugging the gap with asset sales and debt. But this analysis of the problem only touches the quantitative surface of our ongoing industrial decline. Real industries are not abstract aggregates; they are complex ecosystems of suppliers and supply chains, skills and customer relationships, long-term investments and returns. Deindustrialization is thus a more complex process than...
  • America's Trade Imbalance: The Biggest Bubble of All Has Yet to Pop

    02/21/2011 1:48:29 PM PST · by ianfletcher · 32 replies
    Seeking Alpha ^ | February 20, 2011 | Ian Fletcher
    Americans presumably realize by now that living in a bubble economy, while exhilarating as long as the champagne lasts, is not a good move. Therefore it is worth understanding why the biggest bubble of all may be yet to pop. I refer to America's trade imbalance with the rest of the world. As I explained in a previous article, our trade deficit with the rest of the world means that we must a) borrow money and b) sell existing assets in order to cover the yawning gap between our imports and our exports. And while a rich nation can indeed...
  • Jobless Claims, Inflation, Trade Deficit Each Surge Higher (No Good news on the Economic Front)

    10/14/2010 6:49:52 AM PDT · by SeekAndFind · 9 replies
    CNBC ^ | 10/14/2010 | CNBC Staff and Wire
    Weekly jobless claims, headline inflation and the US trade deficit all moved higher, according to data released Thursday that posed more questions for the economic recovery. The number of people filing new claims for unemployment insurance rose to a higher-than-expected 462,000 in the latest week, the Labor Department said on Thursday, while the number of people still collecting jobless benefits fell to an almost two-year low. First-time jobless claims rose 13,000 in the week ended Oct. 9 from the prior week's upwardly revised 449,000 seasonally adjusted claims. The four-week average of first-time jobless benefits, which economists prefer because it smoothes...
  • Trade Deficit Threatens Double Dip and Depression

    The trade deficit bottomed at $24.9 billion in May 2009, just before the current economic recovery began. Now, a rising trade deficit and continued weakness among regional banks threatens to derail the recovery. If the economy goes down a second time, it will not likely recover easily or quickly. The unemployment rate will rise into the teens and conditions reminiscent of the Great Depression will prevail through much of the nation. Oil and consumer goods from China account for nearly the entire trade deficit, and without a seismic change in energy and trade policies, the U.S. economy faces grave peril.
  • World economic recovery driven by global imbalances (more of the same, getting worse)

    07/09/2010 10:40:42 PM PDT · by TigerLikesRooster · 7 replies
    WP ^ | 07/09/10 | Neil Irwin
    World economic recovery driven by global imbalances By Neil Irwin Washington Post Staff Writer Friday, July 9, 2010; A01 The catastrophic economic downturn that began two years ago was supposed to shake up the global economy, ending an era in which Americans consumed too much and saved and exported too little. But the recovery is being driven by a return to the very global imbalances that were a major cause of the crisis. Americans' savings rates have fallen over the past year, imports are rising faster than exports, and countries around the world are again turning to Americans to be...
  • Chortling At Chu

    03/12/2010 5:07:46 PM PST · by Kaslin · 18 replies · 957+ views
    Investors.com ^ | March 12, 2010 | INVESTORS BUSINESS DAILY Staff
    Future Fuels: Our secretary of energy pushes bio-refineries and windmills to oil executives at an energy conference as the administration announces a three-year offshore drilling ban. This is a policy for economic suicide. They don't qualify as an official group of victims, but carbon-Americans, as they have been called, did not have much to cheer about last week, when Energy Secretary Steven Chu addressed CERAWeek 2010, a premier industry conference hosted by IHS Cambridge Energy Research Associates. With an economy struggling to regain sound footing, Chu advocated a starvation diet devoid of additional fossil fuels that are to remain under...
  • China says it may swing to trade deficits in next six months

    02/24/2010 11:26:44 PM PST · by TigerLikesRooster · 11 replies · 510+ views
    Market Watch ^ | 02/24/10 | Chris Oliver
    Feb. 24, 2010, 11:28 p.m. EST China says it may swing to trade deficits in next six months By Chris Oliver, MarketWatch HONG KONG (MarketWatch) -- China could post trade deficits over the next six months, as the export recovery remains weak while the trend of strong import growth remains intact, according to reports Thursday citing a Commerce Ministry spokesman. Ministry spokesman Yao Jian was quoted as saying exports won't regain their potential growth momentum for two to three years, even though gains against year-earlier results were recorded for the past two consecutive months. The Great Recession has caused a...
  • Drilling Ban To Cost Trillions

    02/16/2010 4:16:12 PM PST · by Kaslin · 21 replies · 1,321+ views
    Investors.com ^ | February 16, 2010 | INVESTORS BUSINESS DAILY Staff
    Energy: A new study shows that our reluctance to develop domestic energy will cost the beleaguered U.S. economy trillions in opportunity costs, reduce our gross domestic product and increase our trade deficit. From trying to stimulate jobs in nonexistent ZIP codes at great expense to worshiping the false gods of climate change, our biggest deficit these days may be in the area of common sense. A new study shows that many of our wounds are self-inflicted as we forgo the wealth and jobs to be found in our waters and under our feet. The study by Science Applications International Corp....
  • U.S. trade deficit widens to $40.2 billion in December

    02/10/2010 8:25:13 AM PST · by TigerLikesRooster · 4 replies · 235+ views
    Market Watch ^ | 02/10/10 | Rex Nutting
    Feb. 10, 2010, 11:18 a.m. EST U.S. trade deficit widens to $40.2 billion in December By Rex Nutting, MarketWatch WASHINGTON (MarketWatch) -- The U.S. trade deficit widened to a seasonally adjusted $40.2 billion in December as imports of crude oil surged, outpacing a large increase in exports, the Commerce Department reported Wednesday. It was the largest trade gap in a year. "The report has a strong-economy feel to it, as exports and imports were both up sharply," wrote economists for Goldman Sachs. The wider-than-expected trade deficit should lead to a downward revision to fourth-quarter gross domestic product to about 5.6%...
  • India China Complex

    01/27/2010 10:25:11 AM PST · by bs9021 · 217+ views
    American Journalism Center ^ | January 27, 2010 | Sheila Archambault
    India China Paradox Sheila Archambault, January 27, 2010 Sheila Archambault The main question should not be if India will economically catch up with China but if India should try to catch up with China, said a scholar at a Heritage Foundation event discussing India and China’s future and current position in the international political economy. Some leaders in India argue that India and China are different countries, with distinct cultures and histories, so India should feel no obligation to try to catch up with China, but instead, India should develop at its own pace and in its own way, said...
  • U.S. Economy: Trade Gap Grows as Oil Prices Jump; Exports Climb

    01/12/2010 9:39:16 AM PST · by pissant · 1 replies · 327+ views
    Bloomberg | 1/12/10 | Courtney Schlisserman
    Bloomberg copywrite - headline only http://www.bloomberg.com/apps/news?pid=20601087&sid=a9NuboNd9OTA
  • O's China kowtow: Punting on security, trade

    11/19/2009 3:02:58 AM PST · by Scanian · 9 replies · 443+ views
    NY Post ^ | November 19, 2009 | Peter Brookes
    If you were troubled by President Obama's "Wow Bow" in Japan, you won't be any happier with the "kowtow" during his just-concluded trip to the People's Republic of China. In the latest chapter of Team Obama's at-best-mediocre, teetering-on-the-disastrous foreign policy, the president and a slew of Cabinet secretaries roared into Asia like lions, promising a new era in US diplomacy in the region. But they're leaving like pussycats -- accomplishing, well, a whole lot of nothing so far. So much for our "first Pacific president," as Obama anointed himself at the start of the eight-day, four-country swing through Asia last...
  • September trade gap widened 18.2% (GDP growth adjusted to 2.9%)

    11/14/2009 5:17:14 AM PST · by markomalley · 13 replies · 671+ views
    Washington Times ^ | 11/14/2009 | David M. Dickson
    The U.S. trade deficit expanded in September by the most in a decade as rising imports of petroleum, autos and manufactured goods from China wiped out an otherwise impressive gain in exports, which reached their highest level since December. The trade gap jumped 18.2 percent, widening from $30.8 billion in August to $36.5 billion in September, the Commerce Department reported Friday. It was the largest monthly imbalance since January but it remains well below the peak deficit of $65.9 billion in July 2008, when oil prices reached record levels just before trade flows collapsed around the world. (snip) Exports in...
  • Buy American Hurts Most Americans

    09/18/2009 9:09:18 AM PDT · by SeekAndFind · 146 replies · 2,894+ views
    Cato Institute ^ | 2009 | Daniel Ikenson
    Earlier today, Doug Bandow weighed in with some commentary on the problems that Buy American provisions are creating for both Canadian and American businesses. Let me reinforce his view that such rules are anachronistic and self-defeating with some thoughts from a forthcoming paper of mine about the incongruity between modern commercial reality and trade policies that have failed to keep pace. Even though President Obama implored, “If you are considering buying a car, I hope it will be an American car,” it is nearly impossible to determine objectively what makes an American car. The auto industry provides a famous example,...
  • The trade collapse (Worse than a deficit: Cycle of export declines and job losses)

    07/28/2009 5:37:51 AM PDT · by expat_panama · 108 replies · 2,518+ views
    The Washington Times ^ | July 28, 2009 | Richard W. Rahn
    If the U.S. trade deficit were to disappear, do you think that would be a good or bad thing? For years, many in the media and the political world wailed about the U.S. trade deficit, but it is rapidly disappearing -- and the consequences are going to be disastrous. [snip]Over the past several decades, many foreign countries -- notably Japan and China -- exported much more to the United States than they imported, and as a result, they accumulated several trillion U.S. dollars. Most of those dollars were, in turn, invested back in the United States. [snip] However, when trade...
  • Survey finds Chinese manufacturing worsening

    04/01/2009 5:32:17 AM PDT · by Abathar · 7 replies · 412+ views
    AP via Yahoo ^ | 04/01/09 | Unknown
    <p>BEIJING – The contraction in China's manufacturing worsened in March, data showed Wednesday, and President Hu Jintao told a state news agency that the country's economic problems are increasing.</p> <p>The purchasing managers index by brokerage CLSA Asia-Pacific Markets — based on a survey of some 400 companies — showed manufacturing shrank for an eighth month. It fell to 44.8, down from February's 45.1, on a scale where numbers below 50 show activity is shrinking.</p>
  • Today’s TIC data …(showing disaster?)

    03/16/2009 11:54:23 PM PDT · by TigerLikesRooster · 3 replies · 361+ views
    Follow the Money ^ | 03/16/09 | Brad Setser
    Today’s TIC data … Posted on Monday, March 16th, 2009 By bsetser John Jansen is right; today’s TIC January data was a disaster. $150 billion in (net) capital outflows (-148.9 billion to be precise) cannot sustain even a $40 billion trade deficit. I also though have learned that the TIC data doesn’t necessarily match the trade deficit on a monthly basis — and on occasion it moves in ways that seem inconsistent with the market. If the big outflow had come in December (a month when the dollar slid) rather than January, the flow data and the market move would...
  • WSJ Graph Us Trade Deficit with China=A "bit" misleading

    03/13/2009 8:16:08 AM PDT · by Jonah Johansen · 27 replies · 1,590+ views
    Wall Street Journal ^ | March 13, 2009 | MARK GONGLOFF
    U.S., China Seek Healthier Relationship By MARK GONGLOFF MARCH 13, 2009 AHEAD OF THE TAPE Wall Street Journal Us Trade Deficit with China going down ? LOOK AGAIN.
  • Japan’s January exports down 45% year on year(trade deficit $9.8bn)

    02/24/2009 10:34:26 PM PST · by TigerLikesRooster · 9 replies · 1,222+ views
    FT ^ | 02/25/09
    Japan’s January exports down 45% year on year TOKYO, Feb 25 - Japan’s exports nearly halved in January from a year earlier, pushing its trade deficit to the biggest on record, in further evidence that the global financial crisis is paralysing the world’s second-largest economy. Exports to Asia slumped at a record pace as manufacturing within Asia, which had thrived on robust global growth until last year, slumped as Western consumers curtail their spending. ”Exports to Asia, particularly to China, are tumbling at about the same pace as shipments to the United States, signalling that even China’s economy may be...
  • RAHN: Another nonproblem [GOOD NEWS WARNING]

    09/10/2008 8:54:44 AM PDT · by expat_panama · 13 replies · 211+ views
    The Washington Times ^ | September 10, 2008 | Richard Rahn
    Can the United States run a trade deficit - where the United States imports more than it exports - forever?Most commentators have argued the big trade deficits the United States has run over the last couple of decades eventually will cause great economic hardship or even disaster in the United States. In fact, the United States has run trade deficits for most of its history, and the disaster has yet to strike. How can this be?Federal Reserve economists recently examined the data carefully and come up with solid explanations. The following summarizes and simplifies some of their key findings as...
  • I. O. U. S. A. the movie

    08/20/2008 6:14:51 PM PDT · by phil_will1 · 22 replies · 526+ views
    Movie website ^ | Peter G. Peterson Foundation
    From the producers of Wordplay and the studio that brought you Supersize Me, the must-see documentary I.O.U.S.A. uncovers the source of critical economic concerns that touch the lives of every American. A tapestry of archival footage, hard data and candid interviews woven together, it paints an authentic profile of today’s economic condition. Solutions for how we can impact this nationwide crisis and evolve into a more fiscally sound nation for future generations are offered by the documentary’s powerful conclusion. “May be to the U.S. Economy what An Inconvenient Truth was to the environment.” - Reuters
  • Trade Facilitation

    07/15/2008 4:00:29 PM PDT · by bs9021 · 2 replies · 163+ views
    Campus Report ^ | July 15, 2008 | Ben Giles
    Trade Facilitation by: Ben Giles, July 15, 2008 The Cato Institute’s Daniel Ikenson and World Bank’s Simeon Djankov presented the findings of a new Cato trade policy analysis at the Rayburn House Office Building on July 11. Ikenson’s paper, entitled Protection without Protectionism: Reconciling Trade and Homeland Security, highlights the disconnect between Americans’ perception of the economy and the realities of international trade. “The polls tell us that Americans have soured on trade…” said Ikenson. “It’s because Americans are barraged nightly by reports on the news that they’re losing their jobs and that the economy is imperiled by globalization and...
  • Japan posts trade deficit in January due to rising oil prices

    02/21/2008 2:35:57 AM PST · by TigerLikesRooster · 5 replies · 145+ views
    AP ^ | 02/21/08
    Feb 21, 12:34 AM EST Japan posts trade deficit in January due to rising oil prices TOKYO (AP) -- Japan's trade deficit in January was more than 20 times greater than the deficit in the first month of 2007 as rising oil prices boosted the values of imports, the Finance Ministry said Thursday. The gap widened to 79.3 billion yen (US$734 million; €501 million) from last year's 3.5 billion yen, the ministry said. The results were far worse than the 5.6 billion yen (US$52 million; €35 million) deficit estimated by economists polled by Dow Jones and Nikkei. Japan normally runs...
  • The Economy According to Taylor and Judd

    02/19/2008 5:49:09 PM PST · by thankfultobefree · 75+ views
    NRO TV ^ | 2/15/08 | Peter Robinson
    Last week, NRO TV featured a video discussion series about the economy featuring Peter Robinson and economists John Taylor and Kenn Judd. I thought you’d want to check it out. You can view “The Economy According to Taylor and Judd” in entirety here: http://tv.nationalreview.com/uncommonknowledge/. You can also watch specific segments of the discussion from that link: Chapter 1: Recession Chapter 2: Sub-prime Crisis Chapter 3: Economic Stimulus Package Chapter 4: Economy as a Campaign Issue Chapter 5: Tax cuts vs. Spending cuts
  • an old chinese myth

    01/10/2008 8:02:11 PM PST · by ken21 · 6 replies · 200+ views
    the economicst ^ | jan 5-11, 2008
    Contrary to popular wisdom, China's rapid growth is not hugely dependent on exports MOST people suppose that China's economic success depends on exporting cheap goods to the rich world. If so, its growth would be seriously dented by a stuttering American economy. Headline figures show that China's exports surged from 20% of GDP in 2001 to almost 40% in 2007, which seems to suggest not only that exports are the main driver of growth, but also that China's economy would be hit much harder by an American downturn than it was during the previous recession in 2001. If exports are...
  • Toyota Overtakes Ford As US 2nd Biggest

    01/03/2008 1:27:34 PM PST · by Slapshot68 · 93 replies · 255+ views
    "Toyota Motor Corp. overtook Ford Motor Co. to become the No. 2 automaker by U.S. sales in 2007, using new products and relentless strategy to break Ford's 76-year lock on the position. Toyota sold 2.62 million cars and trucks in 2007, which amounted to 48,226 more than Ford, according to sales figures released Thursday. Toyota's sales were up 3 percent for the year, buoyed by new products like the Toyota Tundra pickup, which saw sales jump 57 percent. Ford's sales fell 12 percent to 2.572 million vehicles."
  • U.S./China trade deficit

    12/19/2007 8:12:53 PM PST · by thankfultobefree · 70 replies · 249+ views
    Hoover Institution ^ | 12/19/07 | Hoover Institution
    As the trade deficit between the United States and China continues to increase, should Americans be worried? Or should they be cheering China’s trade liberalization and enjoying the bargains? The Hoover Institution has just released “The U.S.-China Trade Deficit: Reason for Worry?” It’s a good summary of the China-U.S. trading arrangement, and it addresses both benefits and concerns about the relationship as expressed by both Chinese and American parties. http://www.hoover.org/research/focusonissues/focus/12436706.html
  • U.S. Manufacturing Obituaries Premature

    12/04/2007 8:33:30 AM PST · by bs9021 · 7 replies · 294+ views
    Campus Report ^ | December 3, 2007 | Heyecan Veziroglu
    U.S. Manufacturing Obituaries Premature by: Heyecan Veziroglu, December 03, 2007 Instead of mischaracterizing the significance and meaning of the U.S. trade deficit and assuming that the loss of 3 million manufacturing jobs four years ago requires a tough response today, policymakers should try to attain a better understanding of the condition of U.S. manufacturing, Cato Institute policy analyst Daniel Ikenson pointed out in a Capitol Hill briefing that the think tank held recently. While the U.S.-China trade deficit for goods and services combined has been growing at approximately 23% per annum, the United States remains the world’s most prolific manufacturer,...
  • Trade Deficit Falls to 28-Month Low

    11/09/2007 6:54:45 AM PST · by america4vr · 41 replies · 148+ views
    The New York Times ^ | November 9, 2007 | Associated Press Staff Writer
    WASHINGTON (AP) -- The U.S. trade deficit fell to the lowest level in 28 months as a falling dollar spurred U.S. exports to an all-time high. The deficit with China jumped to the second highest level on record as imports of toys and other goods surged despite a rash of safety recalls. The Commerce Department said Friday that the deficit for September dipped by 0.6 percent from the previous month -- to $56.5 billion. That was the narrowest trade imbalance since May 2005 and took economists by surprise. They had been forecasting the deficit would rise. The improvement came from...