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It's The Global Economy Stupid

The guys with Common Sense Advisory http://www.globalwatchtower.com/2008/07/24/global-economy-stupid/
got it right. This is posted on their blog Global Watchtower today:

This year’s U.S. election campaign has begun echoing the core economic theme from Bill Clinton’s successful 1992 run for the presidency — “it’s the economy, stupid.” Meanwhile, second-quarter results from major American companies underscore our advice on how to recession-proof your business — seek opportunity abroad while your economy is in the doldrums.
Scan the financial pages of your favorite newspapers and you’ll read the same “international growth, domestic weakness” story over and over again:
Caterpillar. Sales volume was up US$787 million, with most of the gain coming from outside the U.S. Sales increased in Africa, the Middle East, Commonwealth of Independent States, Latin America, and Asia Pacific — sales were up 50 percent there.
For the complete story go to: http://www.globalwatchtower.com/2008/07/24/global-economy-stupid/

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