Stocks US crude stockpiles are growing again. China’s foreign exchange reserves are still shrinking. Flows Germany’s trade surplus became a little less huge. Japan’s current account surplus got a little bit larger. America’s trade deficit got a boost from the new iPhone. Taiwan’s iPhone export boost is now behind it, unfortunately. Euro zone retail sales growth is looking pretty solid. Woes Inflation is slowing but still sky-high in Russia… …and in Brazil. Switzerland has the opposite problem.