Tuesday, March 08, 2016

It's never going to stop being 2009.

Stunning today that the market is shrugging off the most horrible data from China last night. You'd almost never know it happened browsing the news this morning. Worst data since 2009. Instead I see articles mocking how two weeks ago it looked like the world was ending. Now? Just fine.

China's Feb. exports to key trading partners:

South Korea -19.2%
E.U. -19.8%
Japan -20.1%
U.S. -23.1%
ASEAN -33.4%
Brazil -56.7%

That is a lot of percent! But the US is an island. This will never affect us. Said in the most sarcastic way.

Update - I also find it fascinating how this is being covered. Like this article. Worst data since 2009. But just ignore it because there was a holiday. I guess no holiday in 2010,11,12,13,14,or 15.

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