Record exports in April helped to lower US trade deficit by 6.7%

Friday, June 10th 2011 - 03:56 UTC

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Exports of US goods and services rose to a record 175.6bn in April, helping to shrink its trade deficit. Data from the Commerce Department showed the gap between imports and exports fell by 6.7% to 43.7bn as manufacturers shipped more items such as computers. Read full article

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Fido Dido
while the smart ones know this is bogus (US trade deficit did widens because of oil imports), German rating agency follows the Chinese Dagong with down grading US debt to double AA, what is just the begin.

http://www.zerohedge.com/article/german-rating-agency-feri-downgrades-us-government-bonds-aaa-aa
Jun 10th, 2011 - 07:57 pm - Link - Report abuse 0
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