. . . before end stage progressivism finally regulated the thing into permanent anemia.
"Demand for emerging market exports has hit a new post-crisis low, with US imports from China dropping sharply in July in the latest sign that the engine of growth for the world’s developing economies is sputtering.
The US has been one of the bright spots in an otherwise gloomy global economy and one of the few sources of growth for emerging market exporters, which last year saw exports of goods and services fall for the first time since the global financial crisis, according to figures from the UN.
Data from the US Federal Reserve show that US merchandise imports from China, the vast majority of which are manufactured goods, have been contracting in value terms since March and in volume terms since April.
Elissa Braunstein, an economist at the UN Conference on Trade and Development (Unctad), said the drop in imports was puzzling due to reports of a recovery in US demand and the strong dollar, which should make imports cheaper and boost demand.
“This is extraordinary,” she said. “It is going to be much harder in future [for emerging market exporters]. If exports are going to deliver the growth they promised you really need external demand.”
Yeah, shocking. Our pedantic, paternalistic, regulatory state has finally belled the US economy cat. The progressives might be celebrating, but the rest of the world is suddenly in panic, except for the idiots at the EU. To call the global economy "gloomy" is an understatement. It is down right depressing, er, as in heading into a depression. The only thing capable of pulling the world out of this is a healthy thriving US economy, and the only way that will happen is if the progressives are shut out of power.
Regulations must be slashed, not cut, not slowed, not curtailed, but slashed, and deeply. If not, the US economy will founder, and we are likely to head into a long term European style recession where the economy bumbles near zero/subzero growth for an extended period. This would be a disaster for the world's economy.