I still want to hear from readers about topics to cover (see previous post) but this one caught my eye. To wit (or twit):
The U.S. trade deficit narrowed to $37.29 billion in January, the Commerce Department said. A 1.7% decline in imports outpaced a 0.3% drop in exports as the volume of oil imports hit its lowest level in more than a decade.
There is something perverted and innately evil in this report. The trade gap narrowing is a good thing when you are a debtor nation but look how it was done. Imports fell more than exports! Oh, I am all warm and fuzzy now.
When exports actually start to rise, we can talk. This report tells us the economy is still shrinking.