US Trade Balance Worst In 39 Months With Largest 3 Month Drop In 20 Years

"While NFP dominated the headlines, the US Trade Balance (deficit) limped out and dropped far more than expected. At a $52.565bn Deficit, this is the worst trade balance since October 2008. Perhaps more shocking is the fact that the 3 month drop (rise in deficit) is the largest ever on record, dropping $9.4bn in that period. Unsurprisingly, the bulk of this drop is in the 'Petroleum' trade balance which has accelerated the most in the last 3 months (coincidentally dropping the most since last March and we know how that ended).

The deficit is rising..."

at http://www.zerohedge.com/news/us-trade-balance-worst-39-months-largest-3-month-drop-20-years