Wednesday, May 11, 2005

Jumping for Joy

FINANCIAL NEWS

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Along with the "good" employment numbers comes "good" trade numbers. Hold on to your hats. The trade deficit went down...slightly...last month. Whoopee.

Let's take a closer look.

The Commerce Department reported Wednesday that the gap between what the United States imports and what it sells to foreign countries narrowed by 9.2 percent in March to $54.99 billion, down from the record monthly deficit of $60.57 billion set in February.


Goody gum drops. Of course, if this were just last year, March's numbers would have been called "the highest ever".

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