Jeff Fitchett: Follow the economic chain. Commodity based countries are getting hammered because manufacturing countries such as China are cratering. Consumer driven economies such as the USA and European Union are plunging into a depression. China's latest economic data is a massive warning for investors to heed. There is no economic recovery and there never was. It's all a facade!
- Chinese exports collapsed 25.4% year over year.
- Chinese imports plummeted 13.8% year over year.