I can remember back in the early 2000 when these deficits first started to rear their ugly heads, a $200B annual deficit was a huge deal and the mere annoucement of it caused gold to rally huge.
As a society, we have become so complacent to this kind of news. $139B in one month is like singing the gospel because it's down from $180B. In addition, we posted a $40B trade deficit for the month. At what point do any of these begin to matter? Maybe when interest rates start to move up?