The following statistics were released today on the state of the US economy:

Export prices rose 0.4% in February, up 1.5% from last year. Import prices rose 0.4% for the month, up 5.5% for the year.

The Mortgage Bankers Assoc reports that overall mortgage applications fell -2.4%, with purchases up 4.4% and refinancing down -4.1%.

The nation’s 4Q 2011 current account deficit totaled $124.1 billion, up from a revised $107.6 billion in 3Q.

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Dale Franks
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