Got a Minute? Get an Economic Edge (Trade Deficits)
Today we share a series of charts on trade deficits.
Reminder: These charts come to us compliments of independent economist Fritz Meyer, a seasoned economic and markets analyst whose insights appear regularly on CNBC, Bloomberg TV and the Fox Business Network. Here is what Fritz has to say about trade deficits:
… A trade deficit isn’t a debt that must be repaid. It is often a sign of economic prosperity.
… It means the purchasing power of the currency is strong, and consumers are rich and optimistic enough to spend.
… Expansions are marked by increasing trade deficits.
… Recessions are accompanied by shrinking trade deficits.
Clicking on each chart will maximize it in your browser.