| It’s clear now that U.S. markets, in their swift early-2016 downdraft, were too worried about the risks of a recession. Friday’s jobs number helped put most lingering doubts to rest. Now, the opposite question is on the table. Are the markets, especially recently buoyant commodities and emerging markets, correctly predicting a ?global economic rebound that would undo the damage from last year?
Friday’s U.S. trade data say these markets are wrong and that the global economy is weak at best. The U.S. trade deficit grew 2.2% on the back of lower imports and exports, with shipments declining for nearly everything except for cars...............................................Full Article: Source
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