Tuesday, April 21, 2009

Another not so good trend...

The Port of Long Beach is a major import-export point for the US. It should serve as a decent barometer of trade flows between the US and its trading partners.

The Port of Long Beach has a website with monthly data going back to 1995, so here is a chart I made with the latest available data (March 2009).

(click to enlarge)

I like this barometer better than the erratic stock and housing markets. The housing market is in disarray and the stock market is driven by a) government intervention and b) huge institutions trying to rub nickels together and make millions.

This import/export volume rather, shows data on millions of items manufactured, shipped, and purchased in the real world by everyday people. And it has collapsed to 1997 levels.

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