Q3 GDP Alert: US trade deficit widens in Sept to $43 bln, deficit with China hits record $35 bln. JPM, BofA, DB, Barclays all cut U.S. Q3 GDP by 0.5%

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Q3 GDP Alert: US Trade Deficit Worse Than Expected As Exports, Goods Imports Drop

Some of the highlights:

• *U.S. TRADE DEFICIT WITH CHINA HIGHEST EVER ON RECORD IMPORTS
• *U.S. IMPORTS LITTLE CHANGED AT $238.6 BLN ON CHEAPER OIL
• *U.S. EXPORTS DROP 1.5% TO $195.6 BLN ON OIL, CAPITAL GOODS
• *U.S. IMPORTS OF PETROLEUM WERE LOWEST SINCE NOVEMBER 2009

http://www.zerohedge.com/news/2014-11-04/q3-gdp-alert-us-trade-deficit-worse-expected-exports-goods-imports-drop

About That Soaring Dollar: US Trade Deficit Excluding Oil Has Never Been Worse

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. There is a problem with that, however: because in Q3 the trade deficit rose by 7.6%, virtually identicaly to how much stronger the US Dollar basket, the DXY, increased by in the same period which surged by 7.7% the most since Q3 2008 when Lehman blew up!
http://www.zerohedge.com/news/2014-11-04/about-soaring-dollar-us-trade-deficit-excluding-oil-has-never-been-worse