My Bush Boom Lies Over The Ocean…

From Holden:

Chimpy sets the bar extremely high when it comes to trade deficits.

The U.S. trade deficit widened unexpectedly in October to a record $68.9 billion despite a drop in the cost of imported oil, as the deficits with China, Canada, the European Union, Mexico and OPEC all hit records, government data showed Wednesday.

Economists surveyed by Briefing.com had expected the trade gap to shrink in October to $62.8 billion, and the surprising growth in the imbalance suggests fourth-quarter economic growth will likely be even weaker than first thought.