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South Korea Exports Post Huge November Drop In Latest Sign Of Global Malaise

Exports have now declined for a dozen consecutive months.

Exports have now declined for a dozen consecutive months.
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3 comments on “South Korea Exports Post Huge November Drop In Latest Sign Of Global Malaise

  1. Lance Manly

    And Lucy continues to pull the football away on “phase one” deal

    https://www.scmp.com/news/china/diplomacy/article/3040091/trade-deal-must-include-us-tariff-rollback-says-chinas-global

    “Shen Dingli, a professor of US studies in Shanghai, said the core problem appeared to be a looping over certain issues.
    “The principle that the two sides were able to agree on was just the principle that the issues need to be solved through different stages. But when they got to the details [on the first stage deal], and how to implement them, the two sides were again not able to reach a consensus,” he said.”

  2. It’s things like this that make feel like the Q4 GDP in the US is going to surprise to the downside. Have also been keeping an eye on trucking index, not good. We might already be in the mini recession.

    • Lance Manly

      The big thing is retail sales Nov-Dec. Last year it seemed the seasonal adjustment fell to pieces with things like Prime Day causing more spending throughout the year as opposed to concentrated in the holidays. Robbing the orange one of his 3% growth. There is a lot of hype now about the level of online sales since Friday, but B&M is in the toilet.

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