Rising U.S. Exports: Global Demand Has Rebounded

Another update in a series. September data on outbound container shipments from two very large ports was a little weak, but still (as I read it) consistent with a continued rise in overall U.S. goods exports. The dollar has been weak enough for long enough to give some boost to exports, though I would hasten to add while falling currencies may temporarily boost a nation's exports, a falling currency inevitably leads to higher inflation and overall economic decline.

Regardless, I think the main story here is that global demand has rebounded, not that U.S. exports are suddenly more attractive. An improving global economic outlook is a very positive backdrop for any economy at this juncture.

Comments

[E Nuff Sed:]

On a recent vacation to Vegas I noticed a huge volume of foreign tourists. The place was packed. Must be the declining dollar.

Oct 19 08:57 PM