With everything that’s going on in Europe and the continuing political charade in America, you might easily be distracted. But there’s another far more important story developing in other regions of the world. And in my opinion, it’s as important and perhaps more important than these other headline grabbers out of Europe and America.
In the last few months we have seen a persistent weakness in trends out of the BRIC nations. This is important because the countries have been the one truly strong leg in the global recovery. This has been nowhere more apparent than in corporate earnings. While domestic revenues have remained flat to down, international companies continue to experience strong growth on the back of this growth. But the trend appears to be changing....
Read the whole post with charts at Pragmatic Capitalist, FALLING LIKE A BRIC…
Anybody seeing a pattern developing?
Yea, if America and other developed economies don't start consuming then there is going to be some massive changes in the globe.
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