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langlui

08/02/11 2:49 AM

#146115 RE: langlui #145996

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.