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The balance of international trade improved by 4 billion to -59.3 billion in July as exports gained 2.4% and imports slipped 1.3%.  Wholesale trade missed expectations in July coming in unchanged.

Corporate profits fell again in the 2nd quarter down 2.2%, a 6th consecutive decline dating too late 2014.  No surprise there, just don’t expect to hear much on the subject in the mainstream media.

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