I guess if there's any surprise it's that I would have thought exports would have grown a little more than they did. But in the second quarter everyone else had weaker economies, although more recent signs are that things abroad are picking up. So maybe June was too soon to look for an increase.
More Quotes from Jay Bryson:
We should see a big increase in oil imports and, given the overall robust demand in the U.S., we are also going to see higher non-oil imports. Over the next few quarters, the deficit is going to get bigger.Jay Bryson
Once interest rate differentials begin to narrow, U. S. securities will lose some of their luster to foreign investors.
Jay Bryson
It's very easy to get the trade gap to narrow, have a recession in the United States to cut spending here. But I don't think anyone wants that to happen.
Jay Bryson
The lower cost of Chinese goods means we can spend more on other goods and services.
Jay Bryson
The headline number was weaker than what people expected. But when you look down into the underlying details, it's not as weak as what that headline number would suggest.
Jay Bryson
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