About That Soaring Dollar: US Trade Deficit Excluding Oil Has Never Been Worse
by Tyler Durden
ZeroHedge.com
11/04/2014
As the chart below shows, US trade excluding Petroleum, just tumbled to $48.3 billion, essentially matching 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, aside from the Shale revolution of course, as ever.
The Rest…HERE
