U. S. Trade Deficit Falls to lowest in 3 years

One of the positive aspects of our falling dollar is the narrowing of our trade deficit.

A surprise drop in the U.S. trade deficit highlights two key economic trends: uncertain demand at home and stronger growth abroad.
Rousing gains for U.S. exports helped narrow the August trade deficit by 2.4% to $57.6 billion from $59 billion in July, the Commerce Department said Thursday. Wall Street expected little change.
U.S. exports grew 0.4% to $138.34 billion, while imports fell 0.4% to $195.92 billion.
Year over year, exports surged 12.8% thanks to healthy growth abroad and extra buying power courtesy of a weaker dollar.
A sluggish U.S. economy, meanwhile, kept year-over-year import growth at 3%. That’s the smallest such gain since June 2002 — excluding January, when oil prices bottomed.

Rising exports are undoubtedly a bonus, but economists say much of the rise comes from the shaky greenback. ....Investor's Business Daily via CNN Money

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