The trade figures are distorted by the effects of foreign re-insurance on the World Trade Center. Nevertheless, international trade is contracting.
The trade figures are distorted by the effects of foreign re-insurance on the World Trade Center. Nevertheless, international trade is contracting.
Consumers still remain optimistic about the future despite having some concerns about the present. This is very typical of a business cycle turning point,
Because the U.S. economy has slowed more sharply than the international economy, imports have been impacted more than exports, thereby narrowing the trade deficit.
Greenspan seems to be a little more sanguine about inflation today than he was on Tuesday. Since there is no red flag of an early tightening by the Fed, it's almost a relief trade.
Industrial activity is contracting across a broad set of industries, reflecting the declines in both consumer and business spending.
© 2020 Inspirational Stories
© 2020 Inspirational Stories