trade imbalance

The Trade Deficit's Untold Story: Rising Exports

The trade deficit's rise to just under $500 billion in 2010 obscures an impressive rise in global sales of U.S. goods, and the outlook for 2011 is even better. But to reach a trade surplus, the U.S. must solve two serious problems.

G-20 Leaders Criticize Fed's $600 Billion QE2 Stimulus

The U.S. finds itself on the wrong side of the currency manipulation argument this week, as many G20 countries criticize the Fed's $600 billion bond buying plan, which could further devalue the dollar. World leaders say the move breaks the vow of unity made during the last G-20 summit.

Economic Growth Revised Lower for Second Quarter

U.S. economic growth slowed to an anemic 1.6% pace in the second quarter, due primarily to a worsening trade imbalance. The sole ray of light in the Commerce Department's report was that the downward revision was not as severe as economists had expected.

Be glad you aren't Chinese

A fascinating story by James Fallows in the current issue of Atlantic Magazine left me with compassion for the Chinese citizen. Instead of spending...