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    You Won't See This On Corrupt Media - Trade Balance Shrinking Under Trump

    By CDM Staff
    December 30, 2019
    1 Comment
    You Won't See This On Corrupt Media - Trade Balance Shrinking Under Trump
    China Shipping trailer, Memphis, Tennessee
    Image by Thomas R Machnitzki

    The U.S. trade deficit is shrinking thanks to President Trump's trade policies. The number is the smallest trade deficit since POTUS was elected in 2016.

    The USD Goods Trade Balance (Nov) printed at -$63.19B vs -$68.75B consensus estimate.

    In other economic news, Wholesale Inventories (Nov) PREL printed at 0.0 vs -0.3 estimate.

    The Chicago Purchasing Managers' Index (Dec) printed at 48.9 vs 48.0 estimate.

    Pending Home Sales (YoY) (Nov) beat estimates at 7.4% vs 5.8% estimate.

    Pending Home Sales (MoM) (Nov) printed at 1.2% vs 1.1% estimate.

    Dallas Fed Manufacturing Index (Dec) missed, coming in at -3.2 vs estimate of 1.5.

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    CDM Staff

    The mission at Creative Destruction Media is to be the catalyst for the "process of industrial mutation that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one."
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