Tuesday, August 6, 2013

It's The Economy Stupid: Trade Balance

The trade balance is still negative, but it is a lot smaller at -$34.2 Billion.  Economists expected a deficit of -$43.5 Billion, and the prior period’s deficit was revised to -$44.1 Billion.  You have to go back to October of 2009 to find a smaller trade deficit.  This is good news for the economy.


John Broussard

Assistant State Treasurer

Chief Investment Officer

State of Louisiana

Department of the Treasury




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