Tuesday, August 14, 2007

Investment in America falls to 4-month low

If I was writing the headlines, I would state it this way: "Investment in America by Foreign Nations Falls to a Four Month Low": But I don't, so you get the standard.:
"The U.S. trade deficit dropped to a four-month low in June [on] record exports

Through the first six months of this year, the trade deficit is running at an annual rate of $705.5 billion, which is down 7 percent from the all-time high of $758.5 billion set in 2006.

Analysts believe that the deficit for the full year will show an improvement after five straight years of record imbalances. The belief is that a weaker dollar against the currencies of major trading partners plus stronger global growth will boost exports while a slowing U.S. economy will trim demand for imports.".

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