This is fair. And a scary thought.
Strangely, ZH's unfathomable faggotry first piqued my interest when they were trying to use bad Eurozone manufacturing to forecast an American crash. It's entirely reasonable to see flights to safety in both American bonds AND American equities from the rest of the world soon. Which makes 2010ish the model except without any quantitative easing.
And that will make the Fed even more wrong And Trump even more right. Very interesting thought.