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Nominal GDP is actually slowing now.

We've gone from almost 5% in late 2014 down to three.

If you look in this recovery and especially since the Affordable Care Act passed,

virtually all of the job growth has been in full-time jobs.

What's changed, I think, is we've kind of reached more employment and there's a number of inflation

indicators that are finally coming to life here a little bit.

Bloomberg surveillance, your link to the world of economics, finance and investment on Bloomberg Radio.

Good morning, I'm Michael McKee, along with Tom Keene. It is 7 AM on Wall Street, 8 PM in

the Port of Shanghai where things were quiet in February too quiet for investors

who are selling off on a drop in Chinese exports never mind China was on a

holiday for 10 days during the month markets looking for a reason to sell off and sell off they are.

Right now, the stock 600 down three points, just about a percentage point.

Dax is off 111 points, 1.1% this in spite of the fact that they had a very strong industrial production report,

that according to some analysts is going to mean stronger growth in the first quarter for Germany.

U.S. futures lower 11 points down for the S&P E-Many futures at 6 tenths, half a percent for

down features down 85, Nansak E-mines down by 29, 7 tenths of percent, and believe it or not, these are all improvements

...