U.S. trade deficit continues to grow
Source: http://blogs.moneyandmarkets.com/blog/china-and-asia-stock-alert/0/0/us-trade-deficit-continues-to-growPosted on Thursday, December 11th, 2008 | In Asia
Contributed by: Tony Sagami (http://blogs.moneyandmarkets.com/blog/china-and-asia-stock-alert) -
With sharp decline in oil prices, you’d expect our trade deficit to shrink. Nope. brbrOur a title=trade target=_blank href=http://www.reuters.com/article/marketsNews/idUSN1137761620081211trade gap increased/a by 1.1 percent to $57.2 billion in November. Interestingly, imports from China increased
2.8% to $34.0 billionbrbrThat tells me that the domestic U.S. companies are suffering the most from the recession and that means some very ugly profit reports down the road.
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 About Tony Sagami (http://blogs.moneyandmarkets.com/blog/china-and-asia-stock-alert)
Tony Sagami, a veteran investment advisor and a leading expert on Asian markets, is the owner and founder of Harvest Advisors, an investment research and money management company. Mr. Sagami has been managing money for more than 20 years and is one of the early pioneers in the application of technical and quantitative analysis to mutual funds and stocks. He is a featured contributor to Weiss Research’s daily e-letter, Money and Markets and monthly Safe Money Report as well as the editor of Asia Stock Alert. Prior to establishing his own firm, Mr. Sagami was managing director at W.E. Donoghue & Co, serving additionally as the director of investment. During his successful career, he also held the position of account executive at Merrill Lynch. Mr. Sagami’s views on Asian markets, specifically Chinese investments, have been featured in publications such as The Wall Street Journal, Barron’s, Kiplinger’s, Smart Money, Business Week, New York Times, Washington Post, Investors Business Daily, Bloomberg, Financial Planning Times, Mutual FundsMagazine, Chicago Tribune, and the LA Times, as well as on CNBC and CNBC Asia. Mr. Sagami holds a degree in economics from the University of Washington. |
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