Submitted by Michael Shedlock via MishTalk.com,
Global export of goods (priced in US dollars) has collapsed in Japan, the EU, and emerging markets, since their recovery highs following the great recession.
The US is the best of the lot, but US exports of goods are down substantially as well.
What’s behind the move? Is it protectionism? Currency related? Take a guess before reading further. The answer is coming up.