Make Way for the Emerging Consumer

Finally, Americans are getting some relief. They no longer have to carry the whole world economy on their shoulders… But we’ll come back to this…. First, a look at Wall Street. The Dow tumbled more than 200 points yesterday. Oil rose $5. The euro rose against the dollar - to $.155. Gold shot up $11. And the yield on the 10-year note fell to 4.07%. No biggie. So, let’s go to today’s two top stories: The first from Bloomberg: “ China exports unexpectedly grow 28%.” And this from the Wall Street Journal : “Global inflation’s bite worsens.” What is going on? The world economy is supposed to be slowing down. Inflation rates should…