Trade Defict

My Uncle believes that the media is biased and that if the drop in the trade deficit to "only" $58 billion last month had happened during a Democratic administration it would have been front page news.

I think this chart puts things in perspective. You can just barely see the drop from $61 billion to $58 billion on the far right hand side of the chart. Does that look like front page news to you?

While we are on the economy, I think the smart money is taking some off the table.

Oh, and don't miss this piece. The link will only be good for a couple of days. This helps confirm my suspicion that inflation will continue to be a problem looking forward, rates will not get cut, and the stock market will have to come back to some sort of reality.

This is in direct contrast to my all-knowing reader's contention that rates don't matter, inflation will remain low, and the current levels in the stock market correspond to realistic earnings potential.

Of course, when I'm proven right, my dear reader will contend that he never said that.

UPDATE: Looking at the chart, I want to be clear that the small down turn in at the very right of the chart is not that noticeable slope on the last half inch of the screen, but rather the almost invisible little down turn that represents about a millimeter at the very far right. Literally, you have to squint to see it.