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U.S. Current Account Gap Widens

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Supersedeas Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-16-04 02:27 PM
Original message
U.S. Current Account Gap Widens
See:
http://story.news.yahoo.com/news?tmpl=story2&u=nm/economy_dc

<<The U.S. current account trade gap widened slightly to a record $164.71 billion in the third quarter, data showed on Thursday, but U.S. dependence on overseas capital was not as great as feared, fueling a big dollar rally.>>

Wider, but not as great as feared.

Who was in fear?
How are they relieved?

More great economic journalism...?

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cosmicdot Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-16-04 11:38 PM
Response to Original message
1. "The housing number is scary."
Edited on Thu Dec-16-04 11:42 PM by cosmicdot
all the way at the bottom was that quote
:scared:

the see-saw, OK today/terrible tomorrow, up/down, in and out, not as bad as we thought lower expectations, etc. of this "economy", and its daily takes, makes me think the patient should be in the coronary care unit with life support ..... and, certainly not in the hands of the current appointed/fraudulent administration with a personal agenda over the common good .......

"More great economic journalism...?"

I think you're spot on ... we've got the media's number ... they're so obvious ... as they 'report' the daily economic news ... they seem to be try very hard to paint a rosy picture on the Bush-Cheney-Republican economy ... much like putting lipstick on a bull loose in a china shop ...




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