Thursday, June 18, 2009

The Bigger They Boom, The Harder They Bust!

The current worldwide economic decline is clearly working its mojo on U.S. income derived from international sources.

The latest U.S. International Transactions report by the Bureau of Economic Analysis continued to show a substantial pullback to U.S. income derived from goods sold and services rendered abroad with total income falling 34% on a year-over-year basis.