For those still wondering why the global economy is struggling, the simple answer is Its the debt, stupid.
It was another difficult session for the stock market particularly the NASDAQ, which has tumbled in 9 of the last 10 sessions (see chart).
Making money in China as an armchair investor is tough.
If you were paying attention to the news yesterday, you probably heard that the United States' trade deficit with the rest of the world hit was the smallest it has been in several years.
It was bound to happen. U.S. economic data was not encouraging. The Dollar Index* was falling almost in a straight free fall from 95 to 92.50 in just a week. Then, as if on queue, on Tuesday, out came the Fed Presidents talking about how a rate hike in June might happen.
There was a slew of economic reports out today, and despite the fact that on the surface the reports seemed mildly positive for GDP, the GDPNow Model sees things otherwise.