The Shrinking Deficit Is No Mirage
With so much attention focused on the fiscal cliff, it is easy to ignore or even dismiss other important data that are coming out. Hint: The big picture ain't so bad!
A critical number, released a couple weeks ago by the U.S. Commerce Department, is the current account deficit. It has been shrinking, albeit at a slow pace. But the key here is that it is not growing....259 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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