World Trade Bottoms

By Barry Ritholtz - August 17th, 2009, 6:00AM

Israel, Japan, France, Germany are all showing very minor economic expansions — an improvement form the recent freefall. However, green shoot expectations have been for a much greater expansion. Hence, even these positive prints manage to disappoint.

Here is what this improvement looks like in terms of global trade:

chart courtesy of NYT

Source:
Hints of a Rebound in Global Trade
FLOYD NORRIS
NYT, August 14, 2009

http://www.nytimes.com/2009/08/15/business/economy/15charts.html

PERMALINK
Category: Economy.

Comments

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

5 Responses to “World Trade Bottoms”

dbneal Says:
August 17th, 2009 at 8:41 am
A good deal of this improvement is probably the recent fall of the dollar. Notice the China, with their currency essentially pegged to the dollar, is flat-ish. US exports are dead in the water too.
some_guy_in_a_cube Says:
August 17th, 2009 at 9:11 am
Looks like a screen full of dead-cat bounces. Green-shoots, whoopee!
Forecasting is Fruitless - Steve Cook on Disciplined Investing - InvestorsInsight.com | Financial Intelligence, Advice & Research / Investment Strategies & Planning for Individual Investors. Says:
August 17th, 2009 at 9:32 am
[...] A look at world trade: http://www.ritholtz.com/blog/2009/08/world-trade-bottoms/   Starting Monday off on a sour note: [...]
DMR Says:
August 17th, 2009 at 9:38 am
If that chart also indicated share of trade in GDP, it would be even more helpful. In that list, for example, India’s share of trade in GDP is so small that the 25% drop in trade doesn’t even show on GDP numbers.
leftback Says:
August 17th, 2009 at 4:37 pm
The Asian bottoms seem small and well-defined, but the US bottom is getting wider and seems sort of squishy…