Exports, Inflation, and the USD
July 16, 2008 at 08:41 AM EDT
[Skip to the end] This is what happens when non residents are scrambling to reduce their hoards of USD financial assets. Exports rising like this along with the still falling dollar indicates the current $60 billion monthly trade gap is still too high - non-residents simply don’t want to accumulate USD financial assets at that rate. This adjustment [...]
