Pantheon Macroeconomics - Most of the time we don't pay much attention to the monthly import and export prices numbers, which markets routinely ignore. Right now, though, they matter, because the plunge in oil prices is hugely depressing the numbers and, thanks to a technical quirk, depressing reported GDP growth.

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13 Feb. 2015 Oil Chaos is Distorting the Trade Data - Focus on Domestic Demand

By Ian Shepherdson

Most of the time we don't pay much attention to the monthly import and export prices numbers, which markets routinely ignore. Right now, though, they matter, because the plunge in oil prices is hugely depressing the numbers and, thanks to a technical quirk, depressing reported GDP growth.

Posted: 13th Feb 2015 in 'U.S. Documents'

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