Deficit increased more than expected

Discussion in 'Wall St. News' started by NY_HOOD, Dec 11, 2008.

  1. much more than expected to over 57billion opposed to 52 billion.
    this is more evidence that exports have decreased substantially due to much weaker demand in europe. the booste that exports were giving GDP is now long gone. the market does pay too much attention to the deficit numbers but i believe they will today. this number was unexpected.
  2. Deficits are good for stock market though because it causes the dollar to fall and oil to rise, which benefits large cap stocks, energy, comodity, large cap tech, and multinational. A rising defiit isn't a concern at all.