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The Economic 'Canary In The Coalmine' Is Singing

Business Insider - 1 Mar 2013 02:12
The Economic 'Canary In The Coalmine' Is Singing South Korea's February trade numbers are out. Exports fell 8.6 percent year-over-year to $42.3 billion.  Economists were expecting exports to fall 9.2 percent. Keep in mind that China's New Year holiday was particularly late this year, which is causing volatility in the year-over-year numbers. In a note to clients, the economists at Societe Generale note that a better comparison would be the January 2012 export number, which was at $41.2 billion. Having considered that, it's also worth noting...
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