Yesterday, the government reported that America's trade deficit widened in October at a record monthly rate. BNA news services reported, "A major contributor to the October deterioration in the deficit was the oil import bill, as the price of oil rose 11 percent to a record $41.79 a barrel from $37.62 in September."

The trade gap widened a total of 9 percent from September to October. The deficit in September was $50.9 billion, and the deficit in October was $55.5 billion. The total deficit tally for the first ten months of 2004 was $500.5 billion, which is a significant increase when compared with the deficit tally for all twelve months of 2003, which was $496.5 billion. As a New York Times editorial pointed out today, the United States "is now on track for a trade deficit of more than $60 billion next June."

The continuously high trade deficit is not good news for the return on our dollar. The dollar is currently down 55 percent against the euro, and 22 percent against the yen. To read more about the dollar and the implications of the trade gap, click here. To read about President Bush's latest comments on the current strength (or weakness) of the dollar, click here.

Yesterday, the government reported that America's trade deficit widened in October at a record monthly rate. BNA news services reported, "A major contributor to the October deterioration in the deficit was the oil import bill, as the price of oil rose 11 percent to a record $41.79 a barrel from $37.62 in September."

The trade gap widened a total of 9 percent from September to October. The deficit in September was $50.9 billion, and the deficit in October was $55.5 billion. The total deficit tally for the first ten months of 2004 was $500.5 billion, which is a significant increase when compared with the deficit tally for all twelve months of 2003, which was $496.5 billion. As a New York Times editorial pointed out today, the United States "is now on track for a trade deficit of more than $60 billion next June."

The continuously high trade deficit is not good news for the return on our dollar. The dollar is currently down 55 percent against the euro, and 22 percent against the yen. To read more about the dollar and the implications of the trade gap, click here. To read about President Bush's latest comments on the current strength (or weakness) of the dollar, click here.

Yesterday, the government reported that America's trade deficit widened in October at a record monthly rate. BNA news services reported, "A major contributor to the October deterioration in the deficit was the oil import bill, as the price of oil rose 11 percent to a record $41.79 a barrel from $37.62 in September."

The trade gap widened a total of 9 percent from September to October. The deficit in September was $50.9 billion, and the deficit in October was $55.5 billion. The total deficit tally for the first ten months of 2004 was $500.5 billion, which is a significant increase when compared with the deficit tally for all twelve months of 2003, which was $496.5 billion. As a New York Times editorial pointed out today, the United States "is now on track for a trade deficit of more than $60 billion next June."

The continuously high trade deficit is not good news for the return on our dollar. The dollar is currently down 55 percent against the euro, and 22 percent against the yen. To read more about the dollar and the implications of the trade gap, click here. To read about President Bush's latest comments on the current strength (or weakness) of the dollar, click here.