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Americans' confidence in the economy improved for the fifth month in a row in January... Confidence in the economy has been improving every month since August...
Higher yielding currencies and risk-correlated assets took a plunge in the overnight, as data out of Asia and political developments in the Euro-zone weighed on investor sentiment. Chinese trade data was the first catalyst in the overnight, with trade flows significantly deteriorating on the import side. This reinforces the notion that the Chinese economy will struggle in the coming months without substantial domestic demand; and with inflation picking back up as per recently released figures, the People’s Bank of China may not be able to help the economy.
A slower Chinese economy means global export reduction in raw materials. Chinese purchases of concrete and steel have fallen off significantly as have energy imports. This will have a negative effect on the US economy as well.
Many Republicans are trying to talk down the economy, but the majority of Americans know that things are getting better. Even Mitt Romney admitted it...............
The same Romney & Obama who didn't see the crash in 2008 coming? I'm going to believe them about the health of the US economy.....not!
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