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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (64882)	7/20/1999 10:44:00 AM
From: DJessen33	Read Replies (3) of 132070

<The greenback, which fell to levels not witnessed in three months against the yen on Monday, lost further ground when it was reported that the U.S. trade deficit swelled to a record $21.3 billion in May, compared to expectations for a $19.0 billion deficit. But the Fed came into the market to sell yen and buy dollars on behalf of the Bank of Japan, producing a sudden spike in dollar/yen, which swept Treasurys off their lows. The huge trade gap means that gross domestic product figures will need to be downwardly revised, but continues to underscore the health of the U.S. economy compared to that of its trading partners.> cbs.marketwatch.com Can you please explain how a larger trade gap is evidence of a healthly economy? DJessen33

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