TRADE DEFICIT INCREASES: HEALTHY ECONOMY?

Posted on August 5, 2016

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Market Watch: “The U.S. trade deficit jumped 8.7% in June to a 10-month high of $44.5 billion, reflecting the higher cost of oil and more imports of consumer goods such as cellphones and drugs. Economists polled by MarketWatch had expected the trade gap to rise to $43.2 billion from a revised $41 billion in May.”

Market Watch says the higher deficit is unhealthy for our GDP but claims our economy is still healthy because that demand suggests American spending is still good.

The story does not mention business spending. Are companies hoarding cash or are they too spending at a healthy pace?

Where are the new jobs being offered? Why do we continue to lose so many jobs in the energy area (negative in July)?

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Market Watch: U.S. trade deficit hits 10-month high in June

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Posted in: News, Politics