By: Steve Smith
We know the two main combatants in the trade war are China and the United States. But there is growing evidence that an increasing number of nations are becoming collateral damage. And that doesn’t bode well for the global economy or stock markets.
One country that can be considered a ‘canary in the coal mine’ for a global recession is South Korea, and it just issued a major warning sign.
South Korea is often seen as a leading indicator of economic activity due to its heavy reliance on exports and production. If the country’s exports are slow, it often signals a weakening global demand.
Last week, its…
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