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Oct 8, 2018

Services offer a different perspective on the trade deficit

(Markets Edition) Has the world gotten complacent about the price of oil? According to the Wall Street Journal, bets on oil surpassing $100 per barrel have doubled in the last month. Julia Coronado at Macropolicy Perspectives has more. Then, we examine the growing trade deficit as seen through goods and services … specifically services. Also, across two hemispheres, officials are cutting back on how much financial cushion banks set aside for emergencies. We look at how this can factor into economic stimulus and financial market risk with Nancy Marshall-Genzer. Today’s show is sponsored by Michigan Economic Development Corporation (planetm.com), Navy Federal Credit Union (navyfederal.org) and PayPal (paypal.com). (10/08/2018)

The trade deficit jumped 9.6 percent to $48.5 billion last month, driven by a surge of imported mobile phones, oil and foreign cars.
The trade deficit jumped 9.6 percent to $48.5 billion last month, driven by a surge of imported mobile phones, oil and foreign cars.
Justin Sullivan/Getty Images

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(Markets Edition) Has the world gotten complacent about the price of oil? According to the Wall Street Journal, bets on oil surpassing $100 per barrel have doubled in the last month. Julia Coronado at Macropolicy Perspectives has more. Then, we examine the growing trade deficit as seen through goods and services … specifically services. Also, across two hemispheres, officials are cutting back on how much financial cushion banks set aside for emergencies. We look at how this can factor into economic stimulus and financial market risk with Nancy Marshall-Genzer. Today’s show is sponsored by Michigan Economic Development Corporation (planetm.com), Navy Federal Credit Union (navyfederal.org) and PayPal (paypal.com). (10/08/2018)