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Tuesday, September 12, 2006

If The Dollar Has Any Luck At All

If the Dollar has any luck at all, it's certainly not good! Reeling from an attack on the U.S. embassy in Damascus, Syria, the trade deficit number posting a record $68 billion in July, and a "new price era" expected for crude oil from OPEC, the Dollar is struggling against impossible odds. According to the U.S. Commerce Department, the July deficit rose 5% since June, and analysts see no hope of balancing the books. For fiscal year 2006, the trade deficit is on pace for an annual rate of $776 billion and in the red for the 5th straight year. Read More....