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calculatedrisk.blogspot.com - 11/18/2008

Slowing Exports and Residential Investment

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From Dr. Setser: Ut-oh …. exports are starting to fall fast . [T]he non-petrol goods deficit is now moving in the wrong direction. It increased from $29.3b in June to $35.6b in August. Non-petrol exports fell by $9.9b over the last two months, while non-petrol imports fell by “only” $3.7 ...

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blogs.cfr.org - 11/15/2008

Ut-oh …. exports are starting to fall fast

— blogs.cfr.org — For the US trade deficit to fall (setting the effect of falling oil prices aside), exports have... to grow faster than imports — or imports have to fall faster than exports. If exports fall faster than imports, the deficit will stay large. In ... (more) Ut-oh …. exports are starting to fall fast

Comments vote downundo vote up Paul Krugman found this 11/15/2008found this

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Notes From The Real World: Budget Crises?
Firedoglake — ...  because demand on them has increased substantially.   Grocery costs are still up despite dips in fuel and corn costs.  Aren't stagnant wages, for those still earning them, just awesome? -- And the safety net?  What's left of it, anyway.  Here's hoping we don't all end up testing it's limits -- that would be even uglier.  But given the jobless claims trend?  Not looking great.   -- Consider the high costs of our oil addiction in this one ...