Thursday, March 19, 2009

U.S. Trade Balance and that $300 Billion Monetisation



America's Balance of Trade has been improving the last several months. according to the figures from TradingEconomics, the January 2009 shortfall amounted to only $36 billion, whereas the Jan 08 figure was $59.2. that's a narrowing of $23.2. well, a similar improvement over the rest of the year would come to around $275 billion in total improvement.

now, how much Treasury debt did the Company Store say they were planning to monetise again? $300 billion? that's not a bad little 'appetizer', as Otto of IKN and I were joking last night, but just wait till the U.S.A's Balance of Trade moves into a surplus.