There appears to be an upside of the recession. The “International Trade” data, which is the US Trade Deficit, is shrinking. The report for January 2009 came in at -$36.03 billion. The consensus estimates were higher, as Dow Jones had a forecast of $37.3 billion and Bloomberg had an estimate of $38.1 billion. This may be the sixth consecutive month of shrinking unless revision data changed that. Economists harped over how this data was always too large as we were sending dollars overseas away from the U.S. Lower oil prices and less buying of goods may actually have an upside to it, if there is really any upside to the recession.
Jon C. Ogg
Sponsored: Want to Retire Early? Here’s a Great First Step
Want retirement to come a few years earlier than you’d planned? Orare you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
