Dark clouds Japan’s economy started shrinking again… …and its trade figures are getting softer Taiwanese exports are also hurting South African inflation rose a bit for the wrong reasons Brazilian unemployment hit a five-year high Silver(ish) linings Russian unemployment is—cough cough—remarkably stable US inflation is holding steady (thanks to high rents) UK inflation is doing the same Mexico is slowing down but not by much The euro zone’s trade surplus continued in earnest