zerohedge.com / By Tyler Durden / September 4, 2013, 19:24 -0400
As a proxy for economic activity, the addition of US exports and imports provides a useful indication of 2-way trade underlying growth in the US. Following the collapse in 2008/9, 2-way trade surged by over 30% YoY providing the impetus for the initial ‘recovery’ off the lows. That ‘growth’ has now dissipated and for almost 2 years, 2-way trade has gone nowhere. The last 3 times that this activity indicator was so poor, very significant systemic events occurred. Will 4th time be the charm?
