The monthly trade data was reported this morning and you will see press reports about the nominal trade deficit. But I like to look at the real trade data as…

…December imports of $203.6 billion. The jump in the trade deficit exceeded expectations, and was partly due to higher energy prices. In addition, the trade deficit with China increased by…

rdan Calculated Risk reminds us: …U.S. trade deficit, with and without petroleum, through July. The blue line is the total deficit, and the black line is the petroleum deficit, and…

…Bush ran a deficit of $319 billion in 2005. So who deserves more credit for fighting red ink? No question, says Treasury Secretary John Snow: It’s his boss, Bush. Sipping…

…deficit. Furthermore, the degree to which this relative improvement in the budget picture is “unexpected” is debatable. The following table shows the White House’s forecasts for the budget deficit (in…

…budget deficit, then they need to make the only comparison that really matters, and one that they have been studiously avoiding: what is today’s budget deficit compared to what it…

…primarily funded by Asian central bank (CB) lending to the US, and is primarily driven by the US government’s budget deficit. The enormous and growing CA deficit can not keep…

How big will the US’s current account (CA) deficit be in 2005? The best forecasts of the CA deficit for 2005 are in the neighborhood of $750-$800bn. That would be…

The Causes of the Budget Deficit: A Reckoning In case you missed it yesterday: There seems to be some disagreement about the true cause of the US’s current budget woes….

…a trade deficit (more imports than exports) to balance the borrowing. Was Norway’s trade deficit bad? No… The trade deficit was a natural process of investing in future economic growth…