Submitted by Jayant Bhandari via Acting-Man.com,
Popular Narrative
India has been the world’s favorite country for the last three years. It is believed to have superseded China as the world’s fastest growing large economy. India is expected to grow at 7.5%. Compare that to the mere 6.3% growth that China has “fallen” to.
India’s quarterly annualized GDP growth rate since 2008, according to MOSPI (statistics ministry) – click to enlarge.
Submitted by Soren Kern via The Gatestone Institute,
Submitted by Paul Brodsky via Macro-Allocation.com,
In Contrarianism in 2017 we cited the following macro dynamics that keep us cautious on equities, bullish on Treasuries and gold, and negative on credit:
Just yesterday we noted that, according to a Rasmussen poll, while the vocal, and often violent, disaffected Hillary protesters may get a lot of media attention, the silent majority of Americans, men and women who don't have time to protest 24 hours a day because they actually go to work to provide for their families, support Trump's temporary immigration ban from 7 mostly-Muslim countries in the Middle East and Africa.
Submitted by Michael Shedlock via MishTalk.com,
Global export of goods (priced in US dollars) has collapsed in Japan, the EU, and emerging markets, since their recovery highs following the great recession.
The US is the best of the lot, but US exports of goods are down substantially as well.
What’s behind the move? Is it protectionism? Currency related? Take a guess before reading further. The answer is coming up.