Courtesy of Mish.
Purportedly the US is going to decouple from the global economy, led by exports. I believe otherwise, which got me to thinking about pledges president Obama made in January 2010.
On January 27, 2010 Obama pledged to double exports by 2015.
Miracles and Mysteries Investigated
The humorous comment at the time, as noted by the New York Times a day later, (see above link), was made by Leslie H. Gelb, president emeritus of the Council on Foreign Relations, who asked “How will he perform this miracle? It really is a mystery.”
With that backdrop, inquiring minds may be wondering what has actually happened. Not to fear, I have a set of charts that will unravel the mystery.
ISM Manufacturing: New Export Orders Index
Manufacturing New Export Orders – Percent Change From Year Ago
Let’s hone in since the promise was made.
…
