Who Needs Global Trade When You Have Toner Cartridge

Tyler Durden's picture


Confirming the dismal picture of advanced economy import and export declines we discussed yesterday, the following chart provides everything you need to know about the world's economic quagmire but were afraid to ask. Of course, all the time the central-printers of the world are willing to debauch themselves there will be momentum-chasing monkeys to maintain the blue-pill illusion of a healthy stock market as indicative of a healthy economy - but should you choose to swallow the red pill, this chart of a plunging global trade volume may raise anxiety levels a little above their current multi-year lows.



Source: Morgan Stanley

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Mon, 09/24/2012 - 08:33 | 2823794 GetZeeGold
GetZeeGold's picture



We dumped the inkjets.....and saved a ton of money!

Mon, 09/24/2012 - 08:35 | 2823799 JPM Hater001
JPM Hater001's picture

Hopefully you converted the ton of money into a ton of gold...

Mon, 09/24/2012 - 18:43 | 2826074 AldousHuxley
AldousHuxley's picture

toner cartridge runs out sooner or later especially if it was on a loan from China.


Who needs America when she's got nothing to offer except greedy old fat fuckers?

Mon, 09/24/2012 - 09:01 | 2823886 icanhasbailout
icanhasbailout's picture

think of the saved wheelbarrow fees alone!

Mon, 09/24/2012 - 09:06 | 2823906 aint no fortuna...
aint no fortunate son's picture

I did too - I just use <CTRL R> now - it rotates charts 180 degrees

Smart money's been using it for years

Mon, 09/24/2012 - 08:34 | 2823796 LawsofPhysics
LawsofPhysics's picture

When real goods and services stop crossing borders, troops will.  Hedge accordingly.

Mon, 09/24/2012 - 08:37 | 2823802 youngman
youngman's picture

Tungsten bitches...

Mon, 09/24/2012 - 08:57 | 2823869 Awakened Sheeple
Awakened Sheeple's picture

Long 1/4" drill bits.

Mon, 09/24/2012 - 10:00 | 2823815 francis_sawyer
francis_sawyer's picture

Here's the deal... You work all day & earn an honest days living & my job is to print confetti out of thin air to give you in exchange for your work... If you work hard enough, you can give the excess to me to hold whereby I'll lever that value up on a ledger, create paper markets for ~ then proceed to bid up the prices on everything... fund wars (on both sides after I start them)... & steal gold...

Sound good to you?... Shalom...

Mon, 09/24/2012 - 08:52 | 2823849 kralizec
kralizec's picture

Simple fix - more blue pills.

Mon, 09/24/2012 - 09:00 | 2823863 AynRandFan
Mon, 09/24/2012 - 09:01 | 2823885 toros
toros's picture

Why did the increase change in world trade eclipes the decrease after the recession?  For that matter how are corps increasing earnings Qrt after Qrt?

Mon, 09/24/2012 - 09:07 | 2823908 Frastric
Frastric's picture

Phoney export-led, inventory building, excess liquidity recovery. It's like being totally hung over and then magically becoming drunk and as high as a kite again... Even worse hangover next day...

Mon, 09/24/2012 - 09:39 | 2824011 Offthebeach
Offthebeach's picture

Is it adjusted for inflation( not that there is any )
For example Saudis export less barrels and we import less barrels because living under a blue Home Depo tarp behind the dump ( GDP BOOYAH! ) is useing less, selling less yet dollar "value" numbers are up. Same for US exporting record in dollars of wheat to thriving Egypt economy. (/sarc)

New Bubble. Swapping inflated goods. We're rich, rich I tell you! Why we'll need wheelbarrows to pick up our paychecks! ( Cue music. " Happy days are.....)

Mon, 09/24/2012 - 09:53 | 2824050 AynRandFan
AynRandFan's picture

Bingo.  Gasoline sales are only back up to early 2008 levels despite a doubling of gasoline prices.


Tue, 09/25/2012 - 11:52 | 2828136 Offthebeach
Offthebeach's picture

Visit a visit the Baltic Dry Index, which is in the toilet.
Pretty soon we'll break records importing one IPad and exporting one Porn DVD.
FedGov Boooyahh!

Mon, 09/24/2012 - 09:02 | 2823888 toros
toros's picture

Why did the increase change in world trade eclipes the decrease after the recession?  For that matter how are corps increasing earnings Qrt after Qrt?

Mon, 09/24/2012 - 10:27 | 2824188 Sancho Ponzi
Sancho Ponzi's picture

Earnings are up, but gross revenue is not. All things being equal, profits go up if you lay off a bunch of employees.

Mon, 09/24/2012 - 09:07 | 2823909 alphadani
alphadani's picture


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Mon, 09/24/2012 - 10:10 | 2824111 q99x2
q99x2's picture

R word time. (Hint: not recovery).

Mon, 09/24/2012 - 10:28 | 2824193 andyupnorth
andyupnorth's picture

The amplitude of those swings is increasing:

-10%; +20%

-30%; +30%


-100%; + ?!? %

Mon, 09/24/2012 - 16:54 | 2825742 Catflappo
Catflappo's picture

Overlay the S&P500 over the last 15 odd years and something tells me you see a rather divergent picture emerging....

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