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


Hints of a Rebound in Global Trade
NYT, August 14, 2009

Category: Economy

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

5 Responses to “World Trade Bottoms”

  1. dbneal says:

    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.

  2. some_guy_in_a_cube says:

    Looks like a screen full of dead-cat bounces. Green-shoots, whoopee!

  3. DMR says:

    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.

  4. leftback says:

    The Asian bottoms seem small and well-defined, but the US bottom is getting wider and seems sort of squishy…