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To: Jim Willie CB who wrote (290)1/20/2003 5:09:31 PM
From: yard_man  Read Replies (1) | Respond to of 1210
 
we've increased consumption in dollar terms to keep up?? -- no-one has really retrenched yet -- think about autos.

zero finance and all those incentives brough sales to highs -- where do the parts come from? Give it a couple of months -- folks are going to retrench -- Christmas was poor.

I could be full of it <g> -- let me go back and look at the numbers and see what the major influence is there in the piece parts??



To: Jim Willie CB who wrote (290)1/20/2003 5:18:06 PM
From: yard_man  Respond to of 1210
 
recent data -- 40 some billion on the following imports

>>In the trade report, imports of goods and service jumped by 4.9 percent to $123.3 billion in November as the U.S. economic recovery help boost consumer demand for foreign-made goods.

Imports of consumer goods — a broad category of items that includes TVs, toys, apparel and household appliances rose by $2.7 billion to a new monthly record of $27.8 billion in November.

And, imports of foods, feeds and beverages also reached an all-time monthly high of $4.4 billion in November.

Exports, meanwhile, rose 1.1 percent to $83.2 billion in November. Although national economies around the globe are still recovering from a worldwide slump, they are healing more slowly than the United States and that has restrained demand for U.S. products.

Still, sales of U.S.-made consumer goods, such TVs and VCRs and toys, to other countries climbed to $7.3 billion in November, the highest level since July 2001.

But exports of cars slipped in November to $6.3 billion. Exports of capital goods, a broad category that includes airplanes, semiconductors, computers and medical equipment also lost ground, declining to $24.5 billion, in November.

By country, the United States' deficit with China widened to $10.5 billion in November, the second highest level on record.

The country's deficit with Japan increased to $6.5 billion in November as imports from the country climbed to the highest level since October 2001.

The trade deficit with Korea increased to a record $1.6 billion in November.

But the United States' trade deficit with Canada narrowed in November to $3.7 billion from $4.3 billion in October.

Going forward, a weaker U.S. dollar and healing economies abroad should help bolster U.S. exports, economists say.
<<



To: Jim Willie CB who wrote (290)1/20/2003 5:22:41 PM
From: yard_man  Read Replies (1) | Respond to of 1210
 
widening from this graph show it to be a result of US consumption 120 B imports and ~80 B exports. The export series seems a bit more stable, but I am going to try and find data going back further

census.gov



To: Jim Willie CB who wrote (290)1/21/2003 10:13:32 AM
From: crdesign  Read Replies (2) | Respond to of 1210
 
JW finally makes a typo!
"in my opinion, this is a 800-lb elephant in your living room of suppositions" ??????????????????

800lb Elephant?! That is a very small elephant don't you think? (wink)

First my wife leaves a $3000 ballgown on her Amtrak train.
(recovered fortunately, that's an entire post in itself.)
Now Jim looses all sense of scale.

What is this world coming to?
In love and finance, (open for discussion) the two people I count on the most are slipping.

Dazed and confused, Tim <ggg>