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Originally Posted by fetishblog
It's dragging down the stock market? The NYSE closed at almost record levels all of last week. Not to mention our trade deficit is DOWN for the 2nd month in a row. Our economy is solid.  |
DUH??
You checked the last time the US actually had a trading surplus? I'd need to check, but think it was in the 1960's. The overall trade deficit has increased around 3.5 times since 1990.
A couple of days on the NYSE has nada meaning - let's see a year of decreasing trade deficits and there may be something in that trend.
Don't even dream that "our ecomomy is solid" - that's like the CEO trying to create confidence the day before the company files for bankruptcy
