Current Account & Michigan Sentiment
Michigan sentiment index UP to 82.4 vs 79.1 in May - ho hum.
The Current Account Deficit narrowed in Q1 to $208.7 B Full Report
Inside the number: The deficit is 6.4% of GDP, vs 7% in Q4 at $223.1 B and vs 6.3% of GDP in 2005. Total external debt now over $5 trillion and will exceed $6 trillion by the end of 2006.
Foreigners sold $1.9 B of Treasurys after purchasing $62 B in the fourth quarter. Foreign purchases of other U.S. securities, largely equities and agency bonds, rose to a record $183 B from $131.9 B.
U.S. net income shifted to a surplus of $1.9 B from a deficit of $2.2 B.
The Current Account Deficit narrowed in Q1 to $208.7 B Full Report
Inside the number: The deficit is 6.4% of GDP, vs 7% in Q4 at $223.1 B and vs 6.3% of GDP in 2005. Total external debt now over $5 trillion and will exceed $6 trillion by the end of 2006.
Foreigners sold $1.9 B of Treasurys after purchasing $62 B in the fourth quarter. Foreign purchases of other U.S. securities, largely equities and agency bonds, rose to a record $183 B from $131.9 B.
U.S. net income shifted to a surplus of $1.9 B from a deficit of $2.2 B.
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