CHART OF THE DAY: The Export Economy Can't Save Us

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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.

chart of the day, ism, new export orders index, aug 2011

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