Worst Ever US Trade Deficit Excluding Crude Hints At Upcoming QE4

Worst Ever US Trade Deficit Excluding Crude Hints At Upcoming QE4 (ZeroHedge, May 5, 2015):

Remember that in a beggar thy neighbor world, where currency warfare has once again broken out between the US, Europe and Japan, for every winner there is a loser. In this case, the loser is the one country that has decided that a strong currency is a great thing for its economy (if only for the time being): that would be the US. Why is this relevant? Because as the chart below shows, US trade excluding Petroleum, just crashed to $43.7 billion, the worst print in the history of the series, suggesting that portrayals of the US as a resurgent export powerhouse are completely erroneous, and that instead the US is as big a net importer of goods and services (and soon to be oil) as ever.

1 thought on “Worst Ever US Trade Deficit Excluding Crude Hints At Upcoming QE4

Leave a Comment