Why Markets Increasingly React More to News Out of China than the U.S.Harrison Roger
Twenty years ago there was no question what areas of the world markets paid most attention to. The United States. The U.S. economy was by far the largest in the world, with the most productive and innovative workers and businesses.
Because of the dominance, financial markets hanged on every U.S. data point. That dominance has diminished and continues to erode.
The following are three charts that show why markets increasingly view the American economy with a "has been" mentality.
Overall, it's much more . . .
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