Confirming the dismal picture of advanced economy import and export declines we discussed yesterday [4], 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.
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Source: Morgan Stanley