Trade deficit best in 5 years. Man they work fast.

Correction: From a reader:

Jonah, I don’t want to sound like a nit-picker, but the trade deficit is NOT the “best in 5 years” as you put it. It is the DECREASE in the trade deficit that is the largest in 5 years. The level of the deficit is on pace to set an all-time annual high. At any rate, I enjoy the blog.