The gap between exports and imports was increased by high oil prices and American demand for imports. The deficit with
I wonder why this record trade deficit does not get more attention in the business media. The trade deficit is one on the most misunderstood stats in Macroland. Explaining the trade deficit and what it means would be a great idea for a Discussion Board post. Are the Chinese seducing naïve American consumers into buying too much stuff from them? Be sure to read Chapter 18 in your text book before you post.
"It is a pretty bad figure," economist David Sloan of 4Cast Ltd. in