[movermike] movermike: Trade Deficit for July 2006 - UP 17%

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Posted by movermike:
Trade Deficit for July 2006  - UP 17%
http://www.movermike.com/posts/1158088028.shtml


   So the headline in the WSJ says [1]Trade Deficit Widens as Exports
   Fall

     The U.S. deficit in international trade of goods and services
     increased by 5.0% to $68.04 billion from $64.82 billion in June,
     the Commerce Department said Tuesday.

   Well, that's not so bad you up only 5% versus June. How about
   comparing the trade deficit for July this year versus July last year?
   Last year the trade deficit in July was $58.08 Billion. That's not a
   5% increase. That is a 17.2% increase. For seven months,our trade
   deficit is $453 Billion versus $398.3 Billion in the first seven
   months of 2005, a 13.7% increase. We are running an annualized trade
   deficit of $776 Billion!

   [2]Courtesy of the U.S. Dept of Commerce
   Jan.- July, 2005 -398,247
   January          -56,637
   February         -57,523
   March            -53,948
   April            -57,010
   May              -56,630
   June             -58,419
   July             -58,080
     _________________________________________________________________

   Jan.- July, 2006 -453,001
   January (R) -66,301
   February (R) -62,743
   March (R) -62,096
   April (R) -63,590
   May (R) -65,407
   June (R) -64,818
   July -68,044

   My monthly rant says stop skewing the numbers. Tell us straight. The
   numbers are growing fast and they are very worrisome for the USD.

   [3]Trade Deficit [4]Finance [5]USD [6]Mover Mike

References

   1. http://online.wsj.com/article/SB115806367519460521.html?mod=home_whats_news_us
   2. http://www.bea.gov/bea/di/home/trade.htm
   3. http://technorati.com/tag/Trade+Deficit
   4. http://technorati.com/tag/Finance
   5. http://technorati.com/tag/USD
   6. http://technorati.com/tag/Mover+Mike