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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GetZeeGold's picture



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

JPM Hater001's picture

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

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?

icanhasbailout's picture

think of the saved wheelbarrow fees alone!

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

LawsofPhysics's picture

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

youngman's picture

Tungsten bitches...

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...

kralizec's picture

Simple fix - more blue pills.

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?

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...

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.....)

AynRandFan's picture

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


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!

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?

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.

alphadani's picture


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q99x2's picture

R word time. (Hint: not recovery).

andyupnorth's picture

The amplitude of those swings is increasing:

-10%; +20%

-30%; +30%


-100%; + ?!? %

Catflappo's picture

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