US trade deficit contracted sharply in July posting its biggest drop in 17 months + Shrunk 14% in July = narrows to $42.8 billion in July

[mEDITate-OR:
not see all those petro dollars going to Mexico, Canada & Venezuela.

While we love to make speeches about China pegging their dollar to U.S....

we seem to forget that Canada has done, or is trying to do, the same thing.

In spite of both Canada and China having stronger economies, currently, the political and economic leadership of Canada screams bloody murder whenever the Loonie gets close to par or above it.

Why, bcuz if the Loonie is slightly under the greenback, nobody seem to notice the US$ 5 Billion per month we give to Canada for their oil.

This month Canada's share was down a bit, but, Mexico took the difference and upped their share..., to fight the good fight against the drug cartels, of course.

And, if you believe that one, we have some really good coke to sell you, at a discount.

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US trade deficit contracted sharply in July - posting its biggest drop in 17 months
http://www.finfacts.ie/irishfinancenews/article_1020534.shtml
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Trade Gap Shrunk 14% in July
http://www.theatlantic.com/business/archive/2010/09/trade-gap-shrunk-14-in-july/62694/
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Trade deficit narrows to $42.8 billion in July
http://news.yahoo.com/s/ap/20100910/ap_on_bi_ge/as_china_trade
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