And yet still more positive indicators revealing an end to the recession. Sure this is really not a report to be proud as it plainly stated that we buy more foreign than American products but it does show that Americans are spending. What are they spending? In other words, where are they getting their money to spend?
Some of it is pure consumer confidence. Confidence in a recovery.
Read this article.
BusinessWeek.com By Bob Willis
April 13 (Bloomberg) — The trade deficit in the U.S. widened in February more than anticipated as Americans bought more foreign-made televisions and computers, illustrating the rebound in economic growth.
The gap increased 7.4 percent to $39.7 billion from a revised $37 billion the prior month, the Commerce Department said today in Washington. Imports climbed 1.7 percent, outpacing a gain in exports that pushed sales abroad to the highest level since October 2008.
The global recovery from the worst economic slump in the post-World War II era means imports and exports will probably keep growing in coming months. Rising surpluses with emerging economies in Asia and Latin America point to gains in overseas demand that is giving companies like General Electric Co. and Dow Chemical Co. a boost.
Read more at BusinessWeek.com