Excellent Exports
05/07/2014 | | econ70, Economic forecasting, economist on radio, economist on TV, eisenberg and economics, Eisenberg and housing economics, Eisenberg and public speaking, Elliot eisenberg, funniest economist, funny housing economist, Graphsandlaughs, graphsandlaughs and eisenberg, housing sales, MLS, mortgage banking, Multiple listing service, politics and economics, Public speaking economist, trade deficit
The March trade deficit narrowed from $41.9 billion to $40.4 billion; good news. The better news, exports at $193.9 are at their second highest level ever and are 17% above their pre-recession high. Imports, while hitting a new all-time high of $234.3 billion, are just 1% higher than their pre-recession peak. Both imports and exports are up 5% year-over-year. This means overall trade is rising but the trade deficit isn’t.