US Trade Deficit Down Last Month - Not That It Matters In The Slightest Of Course

The trade deficit, as a trade deficit, doesn't matter, but that it's falling is useful as an indicator of other matters, not least that we should still expect the Federal Reserve to start reversing QE in September.

from Forbes Real Time http://www.forbes.com/sites/timworstall/2017/07/27/us-trade-deficit-down-last-month-not-that-it-matters-in-the-slightest-of-course/
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