Weakness in China

Weak export numbers out of China are all we have to go off of today, pushing stocks a little lower and bonds a little higher.  On the flipside, US exports to China have increased 190% over the last eight years, growing from $42B in 2005 to $122B in 2013.

Speaking of billions of dollars, President Obama’s planned budget through September 30, 2015 calls for a $564B deficit.