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Thursday, December 14, 2006

U.S. trade deficit narrows for a second month
Posted by SPIIDERWEB™ | 4:37 AM
One may ask why this is so. Well hold on. Here's your answer.
Exports have been aided by a decline in the value of the American dollar, which has made U.S. products more competitive in world markets.

...

The softer dollar is making American goods cheaper for buyers overseas, and together with strengthening economies abroad, it may be contributing to a pickup in exports. The dollar is down 4.8 percent so far this year against a trade-weighted basket of currencies from the biggest U.S. trading partners. [emphasis mine]

Pretty simple really. Bush is destroying the value of US currency. Does a buck go very far for you these days? Just asking.

(read more)

Cross posted at SPIIDERWEB™.
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