Some strong green-shoot material here for those possessed of a more sophisticated worldview:
The U.S. trade deficit widened less than forecast in June, reflecting a second consecutive gain in exports spurred by a pick-up in economies throughout the world.
The gap increased 4 percent to $27 billion from $26 billion in May, which was the lowest level in almost a decade, Commerce Department figures showed today in Washington. Exports gained 2 percent, helped by stronger demand for goods such as semiconductors and aircraft engines, while imports rose 2.3 percent, led by a higher cost for oil.
The shift also had dramatic effects on the Trade Gap’s Third Derivative which hit all time lows because the rate of the rate of widening slowed so dramatically.
The Second Derivative of The Trade Gap Estimate To Actual Trade Gap Gap has increased in the meantime, though analysts have thusfar formed no consensus on the cause of the change, lower analytic skills or more difficult to predict gaps.
The big hero in the story is, of course, Fed Chairman Ben S. Bernanke, who was on about the potential almost a month ago in front of Congress:
Although the recession in the rest of the world led to a steep drop in the demand for U.S. exports, this drag on our economy also appears to be waning, as many of our trading partners are also seeing signs of stabilization.
U.S. Trade Gap Widens Less Than Forecast on Exports [Bloomberg]
I really expected the first DB post of the day to be about Atticus shutting down…maybe tomorrow.
Nah.
how much time did you waste with this post EP?
In contrast, the second derivative of EP’s shitiness is widening.
Its like you’re scanning Bloomberg for the least interesting story possible
report doesn’t really merit the sarcasm… plus the real balance narrowed (which is what matters for GDP)
ep – looks like the 2nd derivative actually narrowed this series – was considerably wider last month – just saying
But . . . but . . . what does this have to do with Chris Theoharris?
Will cornstarch stop my nipples from chafing? Thanks.
when you say “third derivative” are you snickering at the same time? i mean, really?