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The U.S. trade deficit improved by $7 billion from June to July 2010, but the speaker said that might not be a good thing. "The improvement is actually a negative thing," In this podcast, the speaker said, "Month to month, what it suggests is that expectations of economic activity in the United States are slowing down, and therefore we are importing fewer goods to the high-powered retail stores because consumers aren't going to buy those goods."
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