US Trade Deficit Narrows 15%, Smallest Since Feb 2015 As Petroleum Imports Collapse

Wednesday, November 4, 2015
By Paul Martin

by Tyler Durden
ZeroHedge.com
11/04/2015

Against expectations of a $41bn deficit, September’s trade deficit was practically in line at -$40.8bn, dramatically narrower than the revised higher (less negative) August print of $48.02bn as petroleum imports plunge to lowest since May 2004. With the smallest deficit since Feb 2015, The Fed is going to need a bigger boat to have enough debt to monetize when the looming rate hike drags the economy to the point of requiring more intervention.

The Rest…HERE

Comments are closed.

Join the revolution in 2018. Revolution Radio is 100% volunteer ran. Any contributions are greatly appreciated. God bless!

Follow us on Twitter