Monthly Archives: May 2008

Happy “World Trade Week”…

I must admit to not having known that the U.S. Government officially salutes such a thing, ironically first proclaimed by FDR in 1933 during the depths of Depression-era mangled international commerce. For more on the May 19-23 festivities see:

A Shrinking Gap

It was not a particularly busy week for new data releases, headlined by monthly readings on the ISM nonmanufacturing index and international trade flows. The former showed an unexpectedly strong rebound in service sector activity in April following three consecutive