Leading economist who study the U.S. economy for signs of life sometimes have wildly different views of economic metrics, what they mean and are often sharply divideded along partisan economic perspectives. Nevertheless, there are real signs of growth going into the new year.
According to the most recent economic data released this week, the U.S. trade deficit in July hit the highest level in six months as a record rise in imports outpaced a third straight month’s increase in foreign demand for American products, according to government data released Thursday. This is a boon for the Obama recovery stimulus paln.