World export growth slowing rapidly now.
From Zerohedge this morning:
| "Japan trade deficit hits record", "Australia Records First Trade Deficit in 11 Months on 8% Plunge in Exports", "Brazil Posts First Monthly Trade Deficit in 12 Months " then of course this: "[US] Trade deficit hits 3-year record imbalance", and finally, as of late last night, we get the following stunning headline: "China Has Biggest Trade Shortfall Since 1989 on Europe Turmoil." |
The world economy is screaming for further fiscal stimulus now, but it’s not going to happen because of fears over debt and deficits.
