Today's Trade Report

The government reported today that the trade deficit widened in March for the first time in eight month. Both imports and exports fell, but exports fell by slightly more, 2.4% to 1.0%. A weakening U.S. dollar is now driving crop prices higher and should eventually boost exports. Since 46 cents of every dollar that the federal government spends is borrowed, the dollar’s demise is inevitable. Until exports perk up, the economy will continue to flounder.

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