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Politics : Stockman Scott's Political Debate Porch
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To: stockman_scott who wrote (4875)8/20/2002 9:45:24 AM
From: Jim Willie CB  Read Replies (1) of 89467
 
US trade gap tops $37B for July, revised up tiny for June
I could not find an article yet for it
if anyone can, great

but a couple comments
saw the import/export charts and imports are rising
but exports are very steady, up only slightly
my point all along has been that the gap might widen despite a falling dollar currency which makes exports cheaper
or are they?

last month I saw a figure on prices
it showed import prices up 5% annualized in June
and export prices up 4% annualized in June
go figure

then CNBC Bonehead Liesman makes an absurd comment
"continued high trade gaps seem to have no effect on the dollar"
given our vulnerability in economy, in stocks, IT PROBABLY WILL
why not mention how imports seem not to come down in response to the cheaper dollar?
I believe that is the story here

that YAZ guy got it right: upheaval coming
/ jim
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