Greenspan Sees Improving Trade Deficit

Federal Reserve Chairman Alan Greenspan said Friday that a variety of factors from a weaker dollar to tougher budget discipline in Congress may finally start to restrain the explosive growth in the U.S. trade deficit.

Greenspan, however, cautioned that the global economy is essentially in uncharted waters given the unprecedented level of economic interaction between countries and thus any forecast of where the trade deficit is headed could prove to be wrong.
Yahoo News