Friday, November 11, 2005

In the wake of hurricanes, mainly Katrina, the US trade deficit has grown from 59.3 billion dollars to 66.1 billion dollars in September. This year has been the year for national disasters, and it has taken a toll on our economy. A strike at Boeing also contributed to the deficit gain. The previous high deficit was 60.6 billion dollars, which was reached last February.

"Katrina was followed by another powerful hurricane, Rita. The killer storms battered drilling platforms and onshore refineries, forcing the United States to import even more oil and natural gas than usual during the month."

There goes more oil talk!

1 Comments:

At 3:50 PM, Blogger B said...

Good post. Not only did you capitalize on the $50 question, but you also explained the reasons behind the increased deficit.

 

Post a Comment

<< Home