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Trade Deficit in U.S. Jumps on Pre-Holiday Surge in Imports
The trade deficit unexpectedly widened in November as American retailers stocked up on imported goods for the holidays and demand for foreign automobiles rebounded following superstorm Sandy. The gap jumped 15.8 percent to $48.7 billion, exceeding all estimates in a Bloomberg survey of economists and the biggest since April, from $42.1 billion in October, Commerce Department figures showed today in Washington. Demand for consumer goods made overseas surged to a record. Falling petroleum prices prevented the import bill from climbing even more in November and, combined with improvement in the labor ... (full story)
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Posted: Jan 11, 2013 8:35am
Submitted by: FF News
Category: High Impact Breaking News
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3,487 Views
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31 Comments
Guest, goldfan(2), Tw0eleven(2)(3), silvia77, markuskoehn(2), in10sif, jaygee(2)(3)(4), bd pips, pip_trader, Guest, Fx Hiflyer(2)(3)(4)(5)(6), cubiday, Black Caviar, sheety(2)(3), safdarhashmi, Guest, elekboy
Guest
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goldfan
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Tw0eleven
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silvia77
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markuskoehn
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in10sif
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jaygee
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bd pips
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Tw0eleven
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pip_trader
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The Fed Budget comes out today and forecasted at -22B, which is a dramatic drop from the previous month of -172B.
jaygee
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markuskoehn
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Guest
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Fx Hiflyer
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cubiday
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Black Caviar
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goldfan
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Tw0eleven
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Fx Hiflyer
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i am not confident going long on gold nowadays.....watching gold today you should realize that the bull is way weaker than before..
Fx Hiflyer
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sheety
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Fx Hiflyer
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jaygee
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safdarhashmi
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sheety
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lol
Fx Hiflyer
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sheety
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remember my words gold tgt 1400$
Fx Hiflyer
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jaygee
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elekboy
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