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February 14, 2008

The good thing about cheap dollars

The Commerce Department published trade-balance results for 2007 today. The trade deficit fell 6.2 percent to $711 billion last year as the falling dollar made imports more expensive. And the best news: American-made goods got more affordable for foreigners. U.S. exports hit an all- time high of $1.62 trillion last year. That was a 13 percent increase over 2006 exports.

Posted by Jay Hancock at 9:48 AM | | Comments (0)
        

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About Jay Hancock
Jay Hancock has been a financial columnist for The Baltimore Sun since 2001. He has also been The Baltimore Sun's diplomatic correspondent in Washington and its chief economics writer. Before moving to Baltimore in 1994 he worked for The Virginian-Pilot of Norfolk and The Daily Press of Newport News.

His columns appear Tuesdays and Sundays.
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