Unfortunately, the post-2008 global recovery was a hoax propagated on a society of hardcore denialists who will believe ANYTHING, except the truth. But don't take my word for it, here is data straight from the World Trade Organization. Bearing in mind that the global population has grown 10.7% since 2008, not to mention the effects of 8 years of inflation, not factored into this sad equation:
Case in point, Trump's approval rating with cash balances. A sense that something is wrong and yet a total lack of effort to act upon it:
Or, as I've discussed recently, the global reflation hoax propagated by Central Banks upon willing sheeple. Essentially a hoax believed by the same idiots who created it in the first place.
Tonight we got this inconvenient dose of reality:
"China's export growth slowed to 7.2 percent in July from a year earlier...Analysts had expected a 10.9 percent gain"
"Despite an uptick at the end of the second quarter, (China's) trade growth now appears to be on a downward trend."
I wonder what impact this news will have on EM currencies celebrating fake reflation:
Also this evening...
"S&P 500 companies benefit from dollar weakness and growth outside of the U.S.
Small cap companies are more domestically focused."
In contrast to the double digit gains for S&P 500 company profits,...the small cap S&P 600 was expected to see earnings decline 2.5 percent"
In contrast to the double digit gains for S&P 500 company profits,...the small cap S&P 600 was expected to see earnings decline 2.5 percent"
Imagine if the weak dollar - which was entirely brought about by the weak U.S. economy - was the only reason S&P earnings appeared to magically grow this quarter.
Also consider U.S. domestic profits shrinking by -2.5% in the context of the U.S. economy:
Also consider U.S. domestic profits shrinking by -2.5% in the context of the U.S. economy:
Which means that stoned gamblers went ALL IN on cyclically peak earnings
And therefore the "Amazon effect" has nothing to do with Amazon:
