Retail sales weak today, but exports up over 16% earlier this week, and jobless claims now settling in around 350,000 – far from recession levels. That’s what export economies look like.
Meanwhile, non oil import prices up 0.6%, and export prices up 0.9%.
US GDP growth may be hovering around zero, but no collapse yet.
Meanwhile, Bush/Bernanke/Paulson engineered USD collapse/inflation/export boom is underway and accelerating.
It was like yelling fire in a crowded theater.
The world was happily accumulating over $700 billion per year in financial assets, and had a total of over $2 trillion, when our leadership yelled ‘fire’ and caused a reverse stampede.
Imports are real benefits and exports are real costs, and now we’re paying the price.