Joshua Shapiro Effect Quotations

Export growth will remain solid in the months immediately ahead, which ought to help blunt (but not fully offset) the detrimental effect on the trade deficit of a likely acceleration in import growth.

This is actually fairly amazing given all the uncertainty engendered by the effect of the hurricanes on September data that has yet to be reported.

The information in the report is considered dated because the current focus is on the extent of the damage to the nation's energy and trade infrastructure and therefore on the lasting nature of the effect Hurricane Katrina.