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

To: KyrosL who wrote (72442)	12/17/2007 9:51:14 AM
From: elmatador	Respond to of 116555

Tourists helping narrow US deficit Monday, 17 December 2007 14:12 US government figures show that the country's balance of payments deficit narrowed in the third quarter to $178.5 billion from $188.9 billion in the second quarter. The US current account balance - which is viewed as the broadest measure of trade and other income flows - narrowed by more than most economists had anticipated. The third quarter reading represented around 5.1% of US economic output or gross domestic product, compared with 5.5% in the previous three-month period, marking its lowest level since the first quarter of 2004. AdvertisementThe narrowing of the balance of payments deficit suggests an easing of payments of the vast debt the US owes the rest of the world. The improvement in the balance of payments gauge was largely explained by the services sector which posted a surplus of $26.5 billion. An improvement in tourism also helped narrow the deficit, the survey showed, reflecting in part the weak dollar which has also helped boost

To: KyrosL who wrote (72442)	12/17/2007 10:56:38 AM
From: mishedlo	Read Replies (2) \| Respond to of 116555

Digging Deeper Into The CPI globaleconomicanalysis.blogspot.com If you do not eat, drink, or drive, or need medical care you are in great shape. Then again, perhaps that makes you a robot. It's hard to say if this is the last hurrah for higher CPIs or not (I think it might be), but it does not take much digging to see the headline numbers are primarily energy based. Mish