Rising Exports Putting Dent in Trade Gap

[AngryAmish]

"Even as companies in the United States are gaining ground overseas, they are also sending more American-made products abroad. A weaker dollar is adding to their good fortunes, helping to make American goods and services more competitive in foreign markets.

As a result, it now looks as if the huge trade deficit, which swelled to a record $765.3 billion last year, could gradually decrease. The trade gap widened in March, mostly because of higher prices for imported oil, but the vast disparity between what Americans import and export is expected to narrow, which would allow trade to contribute to economic growth in the United States for the first time in more than a decade.

The shift to a more export-driven economy, if it continues, could add more jobs at home and help the United States bounce back from its slowest economic expansion in four years"

It is now time for AA to roll out a big "I told you so." Remember when the dollar started falling? Many (chicken littles) people thought there would be a huge ginormous crash of the stock market, the Chinese would call in our debt (that one was really strange) and the entire US would turn into a slum. Then to gold bugs said what gold bugs always say: Buy gold.

Lonely AA said "Listen, this is a good thing for the US. We have kept the dollar high for too long and a weak dollar will help." And help it did. Now I'm off to run my victory lap...

[KoKo]

1. More lies from the NYT's. We make very little here in the US even

though NYT's tries to spin that for a gullible population. What they really need to say is that we are exporting so much in guns and military equipment to terrorists around the world that our balance of trade is coming down.