Deeper Analysis
An Upturn in the U.S. Trade Deficit
November 16, 2009
The last thing the beleaguered dollar needs now would be a significant widening of the U.S. trade deficit. September’s $36.5 billion gap was 22.5% bigger than the average imbalance in the first eight months of 2008, and it included a 5.8% surge in imports, which is an outsized on-month increase. Now there is a axiom […] More
Deeper Analysis
GDP and Unemployment in the U.S., Euro Area, Japan, and Britain
November 16, 2009
The recession bottomed in the second quarter in the United States and Euroland, the first quarter in Japan, and was still going last quarter in the United Kingdom. At those respective lows, real GDP had declined from peak by 8.4% in Japan, 6.0% in Britain, 5.1% in the euro area, and 3.8% in the United […] More
New Overnight Developments Abroad - Daily Update
New Overnight Developments Abroad: APEC Meeting in Singapore Boosts Stocks and Commodities and Depresses Dollar
November 16, 2009
APEC leaders agreed not to end stimulus and did not make a big issue of criticizing Chinese yuan policy. There was no breakthrough on climate-warming or world trade. Stocks have climbed 3.0% in China, 2.7% in Pakistan, 2.1% in Singapore, 1.7% in Hong Kong, Indonesia and Taiwan, 1.3% in South Korea, 1.2% in Thailand, 1.2% […] More
