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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (40920)	11/10/2005 8:18:40 PM
From: aknahow	Read Replies (1) \| Respond to of 116555

"Trade gap hits record after Katrina Record oil prices in the aftermath of Hurricane Katrina and a drop in overall exports helped push the U.S. trade deficit to a record $66.1 billion in September, shattering the previous high of $60.4 billion set in February, the government said on Thursday." True enough, but few seem to realize that the Trade Gap release is compiled of an average of three months of data. The release made on November 10, covers the three months ended September 30. My point being is the Katrina impact was only responsible for one third of the average. Next months release will be for Aug. Sept and Oct. data.