All Commentary
Friday, June 8, 2012

Trade Deficit Shrinks as Imports and Exports Drop

“The U.S. trade deficit shrunk in April, but only because a big drop in imports offset the first decline in U.S. exports in five months.” (Washington Post)

A falling trade deficit is often a bad sign.

FEE Timely Classic
“The Balance-of-Payments Deficit: Not to Worry” by David R. Henderson