U.S. Trade Deficit Widens More Sharply Than Forecast

Discussion in 'Politics, Religion, Social Issues' started by zimv20, Feb 13, 2004.

  1. zimv20 macrumors 601

    zimv20

    Joined:
    Jul 18, 2002
    Location:
    toronto
    #1
    link

     
  2. Desertrat macrumors newbie

    Joined:
    Jul 4, 2003
    Location:
    Terlingua, Texas
    #2
    Low interest rates got all those folks doing the refi on their houses, and buying Toyotas. While low interest rates are helping drive the dollar lower, the Japanese are buying dollars to keep the yen weak against the dollar so we'll keep on buying Toyotas. In the meantime, the dollar's weakness is driving up the price of oil, but isn't yet down enough to really help our exports.

    Interesting times.

    'Rat
     

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