Is trade leading crude and comdols?

A reader sent an email the other day asking us if we could stop being so depressing in Currency Currents. I told him we’d try. Unfortunately today isn’t the day as a plethora of depressing pronouncements have been promulgated and posted in our key news section above. And this is just a small sampling…ugghhh.

Seems global gloom is deepening and widening. If there is one glimmer it is that South Korea’s exports to China didn’t fall quite as much as they had last month. For it is China stimulus, coupled with the US, the world seems to be counting on to lift us from this morass.