U.S. trade deficit improves, but don’t celebrate yet
Saturday, September 11th, 2010
The U.S. trade deficit improved by $7 billion from June to July 2010, but Thunderbird School of Global Management Professor F. John Mathis, Ph.D., said that might not be a good thing. “The improvement is actually a negative thing,” Mathis said Sept. 9, 2010, on KFNN 1510 Financial News Radio. “Month to month, what it suggests is that expectations of economic activity in the United States are slowing down, and therefore we are importing fewer goods to the high-powered retail stores because consumers aren’t going to buy those goods.” Mathis reports on the U.S. trade balance each month on “Business for Breakfast,” a Phoenix-based radio news show. Click below to hear his latest report. | Podcast: Monthly report on KFNN 1510 Financial News Radio (6:44)
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