Perhaps an ugly bellwether for the global economy, Asia's aggregate exports turned lower Y/Y in...


Perhaps an ugly bellwether for the global economy, Asia's aggregate exports turned lower Y/Y in July for the first time since the financial crisis, says Nomura's Rob Subbaraman. Yes, Europe has fallen off a cliff, but the data leave little doubt the slowdown is becoming more synchronized. August numbers from Korea suggest the trend grew in strength last month.

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