Trade data for the US, Germany, Japan and China were released earlier today. While the US, Germany and China had robust export growth that caused their surpluses to swell, Japan's numbers showed weakness despite the recent drop in the value of the Yen. The dichotomy in readings says a lot about the politics surrounding this difficult economic environment and the associated currency wars.
First, let's look at the data.
In the US, it was record petroleum exports which flattered the data set. The...
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.