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Stock Investing > Mishs Global Economic Trend Analysis

Demand For Everything Tumbles: Trade Deficit At 6 Year Low

Mike Shedlock | Fri, 03/13/2009 - 12:20pm | international trade balance, oil prices, recession, trade deficits |  Add a comment

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Many were of the belief that the trade deficit would widen as the US recession strengthened. The only way that could have happened is if oil prices stayed stubbornly high. While the price of oil may have bottomed, odds of it shooting up towards $100 again in the near future are slim. However it's
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