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Tuesday, August 02, 2011 2:49:13 AM
CHART OF THE DAY: The Export Economy Can't Save Us
Joe Weisenthal | Aug. 1, 2011, 12:44 PM
This morning's ISM report was obviously quite weak, with the survey of manufacturers barely registering growth.
And it's not just the domestic economy sputtering.
Here's the exports sub-component. It's still in "growth" territory, but fading fast. With Europe on the skids, and China on a glide path, exports can't be relied upon to save us.
Joe Weisenthal | Aug. 1, 2011, 12:44 PM
This morning's ISM report was obviously quite weak, with the survey of manufacturers barely registering growth.
And it's not just the domestic economy sputtering.
Here's the exports sub-component. It's still in "growth" territory, but fading fast. With Europe on the skids, and China on a glide path, exports can't be relied upon to save us.
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