October US Exports Plunge By Most Since January 2009 As Trade Deficit With China Hits Record

October US Exports Plunge By Most Since January 2009 As Trade Deficit With China Hits Record | ZeroHedge
The reason for the decline: a 3.6% decline in exports of goods and services.
This was the biggest percent drop in exports since January 2009 as the traditional US import partners are all wrapped in a major recession.
What helped, however, was the offsetting drop in imports by 2.1%, the lowest since April 2011, as US businesses are likewise consumed by a concerns about the global economy.
And without global trade, whose nexus just happens to be Europe, there can be no global or even regional recovery.
So far, all hopes of a pick up in global economy have been largely dashed.