On St. Patrick’s Day, Charles Hugh Smith succinctly summarized the melt-up of the US economy (https://www.oftwominds.com/blogmar21/dead-money3-21.html) In the era of widespread prosperity in the 1960s and 1970s, the velocity of money ratio remained in a band between 1.7 and 1.8, moving up toward 2 in the inflationary late 70s as it made sense to tradeContinue reading “Hot Money, Unraveling Economy”
Tag Archives: #tradebalance
Econo-Bio War and China Joe
The Red Ponzi’s bio-econo war that began in 2020 certainly delivered the goods: December trade surplus up 34$ YoY and setting monthly records in wealth transfer from the US. And, of all things that leads the transfer is … wait for it … healthcare/covid-related products. With China Joe and their paid agents in Congress andContinue reading “Econo-Bio War and China Joe”
Lies, Damn Lies, and Statistics
Maybe Chinese exporters are overstating their exports, in general and to the United States. Overstating exports is a classic way of getting capital into a country with capital controls. Or, maybe US tariffs have created a strong incentive for firms importing into the United States to go to some lengths to understate their imports from China. Thus, U.S.Continue reading “Lies, Damn Lies, and Statistics”
Econophysics2020 