Wednesday, July 14, 2010

Trade Deficit - with and ex-petroleum - increases in May

[mEDITate-OR:
go into debts you didn't even know you had...

Once again, we see the "normal" trade numbers for exports & imports for U.S.

But, with Calculated Risk we are shown how the deficit is impacted by fuel imports.

What we have seen over the last few years is a jump in "imports" based upon not the volume of fuel imported but based upon the PRICE we pay for it. The changes in price have had a major impact on what "imports" look like. And, almost nobody removes that so we can see what really is going on.

Jim @ CR does that for U.S.
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U.S. Trade Exports Imports
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U.S. Trade Deficit
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TUESDAY, JULY 13, 2010
by CalculatedRisk on 7/13/2010 08:56:00 AM
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