Korea’s Booming, Except It’s Not

That fact was reinforced by GDP statistics released yesterday. For the first time since 2008, South Korean real GDP shrank quarter-over-quarter. Exports fell by a stunning 5.5%, the largest quarterly decline in three decades. Construction spending also fell, really putting a dent in those October projections.

 

https://www.davidstockmanscontracorner.com/?p=174889&preview_id=174889&preview_nonce=b1afe1acc7&preview=true