* * *
And just in case you figured that if domestic prosperity won’t goose the economy, Chinese and Japanese stimulus means the rest of the world will save us, nope! Export growth is now negative as seen in the last 2 recessions.
And deflationary pressures (Import Prices ex-fuel) are washing upon America’s shores at a pace not seen outside of a recession.
* * *
But apart from that, given that US equities are at record highs, everything must be great in the US economy.
Wait a minute.
This article is brought to you courtesy of Tyler Durden From Zero Hedge.