This GDP report also confirms global trade is crashing, as net trade (exports less imports) subtracted -1.9% from the final GDP print, likely due to the strong

This GDP report also confirms global trade is crashing, as net trade (exports less imports) subtracted -1.9% from the final GDP print, likely due to the strong dollar: http://i.imgur.com/hB90v62.png http://i.imgur.com/hB90v62.png And as well noted by this lady, we probably haven't seen the worst yet: https://twitter.com/auaurelija/status/604271796267937792/photo/1 https://twitter.com/auaurelija/status/604271796267937792/pho... All the indicators point to NIRP coming to the US soon, as lately bad economic data (such as global trade) correlates almost perfectly with bond yields. And as noted on ZH, the lower bond yields drop, the larger the secular decline in aggregate demand ("deflation"), the more businesses focus on investing in short-term capital gains instead of long-term growth projects (i.e. capex), the worse global trade will get, leading to even more debt monetization, even lower yields and even lower trade...