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[jumanji0881]

Trade Deficit Spikes To 6-Year High Despite Tumbling Dollar : https://www.zerohedge.com/news/2018-01-05/trade-deficit-spikes-6-year-high-despite-tumbling-dollar

My comment: The trade deficits keep coming, with annual deficits of over $500 Billion for many many years now. This one is $600 Billion annualized. This should eventually weigh on the US$.

Full Text:
While the equity markets are exuberant, today's payrolls data suggests all is not awesome, and the US trade balance print is just terrible.

Despite the relative freefall in the US Dollar, the US trade deficit disappointed expectations, spiking above $50 billion.

This is the biggest trade deficit since January 2012.

Imports rose 2.5% to a record $250.7b on more inbound shipments of consumer goods and industrial supplies.

Exports climbed 2.3% to all-time high of $200.2b, led by increased shipments of automobiles, consumer merchandise and capital goods including commercial aircraft.

The man who predicted the collapse of GM, Fannie, and Freddie says the next big bankruptcy is going to catch everyone by surprise. Learn more here.

As Bloomberg notes, the widening trade gap could be a drag on fourth-quarter economic growth, keeping gross domestic product from advancing at least 3 percent on an annualized basis for a third straight quarter. Net exports added 0.36 percentage point to the 3.2 percent gain in third-quarter GDP.

In November, the unadjusted U.S. merchandise shortfall with China climbed to the highest since September 2015, while the gap with European Union countries was the largest in a year

Perhaps worse still, ex-Petroleum, this was the biggest trade deficit in US history...