Diane Swonk, My Favorite Economist

Mesirow Financial 
 Fed Flash
Diane Swonk, Chief Economist, Mesirow Financial
 Diane Swonk
Thursday, September 9, 2010 - 7:45 a.m. Central Time
A Glimmer of Hope in Trade
The U.S. trade deficit narrowed from a bloated $49.8 billion in June to $42.8 billion in July, as a stockpiling of goods from China abated over the course of the month. A subsidy on exports from China expired on July 15, which is now allowing imports from China to cool a bit.

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