This decline in exports is consistent with other data indicating that economic activity in most foreign countries remained weak at the start of the year.
More Quotes from 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
I look at all these other indicators and say none of the others are showing recession. If he's going to make a mistake, it's going to be on being too hawkish.
Jay Bryson
Sooner or later, foreigners will stop financing the deficit. But at this point they show no signs of slowing down. If there were trade barriers that caused Americans to buy significantly less imports, production here would go up a little, but the thing that would take the brunt of the reduction is that our spending would go down as prices went up. We would have less of everything.
Jay Bryson
The economy in the third quarter had a fair amount of momentum and oil prices were skyrocketing. You are going to see some 60 billion trade figures if for no other reason than the price of oil.
Jay Bryson
It shows the labor market is continuing to stabilize.
Jay Bryson
It's not just China, it's not just oil. We spend more than we produce, end of story.
Jay Bryson
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