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Hot And Trending...
Trending
- March report "How Revolutions, Wars and Plagues are Harbingers of 'Great Changes' in Societies and in Economics" published. http://bit.ly/2y4LJZQ
- Drop in Gold Output Expected as Mining Companies Lose Money @SchiffGold http://t.co/99AYQaC37g
- The US Is Already in a Recession; Get Ready for Some Crazy Monetary Policy https://t.co/AEiTmQxmT7 @SchiffGold
- CEO who raised price of drug by 5000%
- The Aug. Empire State Manufacturing Index plunged to -14.92, its lowest level since April 2009, missing expectations by the most since 2010!
- Dow Jones down 6% from its highs & falling fast. How much more will it fall before the Fed stops pretending the data supports a rate hike?
- 🔴 Ep. 315: 2017 GDP Growth Looks like Obama 2.0: http://bit.ly/2CRziVM via @YouTube
- (1/2) Global stock markets are now nearly as oversold as at the market low in October 1987. Expect a powerful and tradable rally of 20% or so from here. Cover all shorts and go long the most oversold stocks. However, do not expect new highs.
- Most are no doubt hoping for the end of their terms as central bankers to come as quickly as possible. http://bit.ly/2vr6tsT
- Gold has certain features that lends itself really well to tech. http://bit.ly/2hjdZ37
Tuesday, September 8, 2015
Trade Deficit of the US vis a vis China/Japan...
I have always had difficulty understanding the mechanics of this phenomenon. Let me start with the following quote from wikipedia.. >Since the mid-1980s, the United States has had a growing deficit in tradeable goods, especially with Asian nations (China and Japan) which now hold large sums of U.S debt that has funded the consumption.[5][6] The U.S. has a trade surplus with nations such as Australia. The issue of trade deficits can be complex. To stupid old me, this is confusing. It paints the picture of the Chinese government buying treasuries (US debt) and giving the US government toasters. But governments don't exchange currency for toasters. Private merchants exchange currency for toasters. Can someone trace the mechanics of this "trade deficit" out so I can understand what's going on? How does the Chinese government end up with stockpiled dollars and the US government end up with citizens who have consumed a bunch of toasters without having to work so relatively hard for them?