Jul
21

Troubling Trade

tradeWhile the labor market, consumer spending, and capital expenditures are slowly improving, net exports are slightly weakening. When the Great Recession began, exports were flat while imports collapsed as our economy weakened much faster than the rest of the globe. Now, oil shipments are dramatically boosting exports. The problem, however, is that our economy is performing better than Europe and Latin America, thus exports are weak and imports are rising.

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