Mike Shedlock of Global Economic Trend Analysis was the first to pick up several problems with the details of the report and his analysis is worth a read.

FORBES: Commercial Bank Consumer Credit Declines Sharply In January

Even as the planet has faced an unprecedented global economic crisis and recession, India weathered the worldwide trend and remained the second fastest growing major economy in the world after China - at a time when most countries suffered negative growth rates in at least one quarter in the last four years.

BBC: Manmohan Singh at 80

While economic woes have helped suppress global CO2 emissions in recent years, that trend has already begun to fade.

FORBES: U.S. Carbon Emissions Dip To 1994 Levels

Clinton is slated to travel to Japan, China, South Korea and Indonesia to discuss a range of issues, including mutual economic recovery, trade, the prevention of nuclear weapons proliferation and reversing the global warming trend.

CNN: Clinton heads to Asia on first state trip

"This ongoing trend of slowing Chinese economic growth will translate to some additional downward revisions in global oil demand expectations" when OPEC, the International Energy Agency and the U.S. Energy Department issue monthly reports next week, said Jim Ritterbusch, president of energy consultancy Ritterbusch and Associates, in a note to clients.

NPR: Oil Sinks On China Manufacturing And US Supplies

Clinton also outlined a sweeping agenda of engagement with Asia, ranging from mutual economic recovery and trade to the prevention of nuclear weapons proliferation and reversing the trend of global warming.

CNN: Hillary Clinton warns, woos North Korea

Investors concerned about a global economic slow-down and the approaching fiscal cliff in the US may want to take a close look at another trend that creates good investment opportunities: the massive aging of baby boomers that began around 2005, as the first baby boomer cohort crossed the age of 60.

FORBES: 3 Stocks to Ride the Massive Aging of Baby Boomers