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Trade, SUV’s, Redbook retail sales, Trump and Harvey

Summary:
No ‘improvement’ here: Highlights Third-quarter GDP is off to a slow start, at least for international trade in goods where the July trade gap widened more than billion to .1 billion. Exports fell 1.3 percent and were pulled down by a sharp fall in vehicles and also consumer goods which are two weak categories for the US. Helping to ease the effect of exports was a 0.3 percent decline in imports where foreign vehicles, which are usually in strong demand, fell 2.8 percent while industrial supplies were down 1.7 percent. July’s trade report including services will be posted next week. Definitely looking up, but, again, might be due to fewer stores?

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No ‘improvement’ here:

Trade, SUV’s, Redbook retail sales, Trump and Harvey

Highlights

Third-quarter GDP is off to a slow start, at least for international trade in goods where the July trade gap widened more than $1 billion to $65.1 billion. Exports fell 1.3 percent and were pulled down by a sharp fall in vehicles and also consumer goods which are two weak categories for the US. Helping to ease the effect of exports was a 0.3 percent decline in imports where foreign vehicles, which are usually in strong demand, fell 2.8 percent while industrial supplies were down 1.7 percent. July’s trade report including services will be posted next week.

Trade, SUV’s, Redbook retail sales, Trump and Harvey
Definitely looking up, but, again, might be due to fewer stores?

Trade, SUV’s, Redbook retail sales, Trump and Harvey

Trade, SUV’s, Redbook retail sales, Trump and Harvey

Trade, SUV’s, Redbook retail sales, Trump and Harvey

WARREN MOSLER
Warren Mosler is an American economist and theorist, and one of the leading voices in the field of Modern Monetary Theory (MMT). Presently, Warren resides on St. Croix, in the US Virgin Islands, where he owns and operates Valance Co., Inc.

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