Guess Which Country Is Driving Global Demand These Days

globe world

2 makes a trend, so we think it’s interesting that in looking at far-flung exports data, it’s the US (!) that’s proving to be the bastion of resiliency and demand.

Back on January 25 we noted how Japanese exports were pretty mediocre, but that in the US they were firming.

Then just now, in looking at Swiss watch exports, it’s the US that’s showing a surprise pick up in demand, whereas the East Asian economies are rolling over.

It appears the US is returning to its old, classic role as the consumer of last resort, and holding everyone up. Who would have expected that?

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