They say Detroit is growing now. Parts of the economy are going down, while other parts are starting to do better. Like slack tide? Its coming in and going out at the same time.
Increased domestic inventories tells me the Chinese economy is slowing. They deserve it. Also tells me retail sales of imports are slowing. They deserve it. Importers and retailers of cheap imports had a lot of good years, and deserve to get punished for helping China prosper at Americas expense.
An entire generation of Americans took the whole ride down after ’75 and an entire generation of foreigners took the whole ride up after ’75.(until 2008)