Overseas – Some of the best news for U.S. companies and investors has been coming from overseas.
At home, the news remains bleak. In July, for example, U.S. retail sales slipped 0.1%—not the increase many economists were expecting. Heavily indebted and stressed about job losses, Americans seem reluctant to return to their free-spending ways.
Abroad, however, good news has come from unexpected places. Economists already suspected that China and other emerging economies were showing strength in recent months, the effect of the Chinese government’s aggressive stimulus programs.