trade deficit

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Trade Wars!

These could de-stabilize global markets very quickly
Wednesday, March 7, 2018, 7:43 PM

President Trump wants American jobs and factories to return. He cites some pretty grueling and relatively accurate statistics in support of his position. And it's looking like we can safely bet that Trump is planning to increase tariffs on many more products than steel and aluminum. 

He has also tweeted previously that a trade war would be “good” and “easy to win.” 

But whether tariffs or a trade war could reverse those statistics, or possibly make them even worse, is another matter entirely. » Read more

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The Dollar May Remain Strong For Longer Than We Think

Why demand for it is higher than other fiat currencies
Tuesday, September 16, 2014, 10:50 PM

I have long been a dollar bull, not for any over-arching reasons based on inflation, deflation, rising geopolitical multi-polarity or any of the other issues that touch on the dollar’s valuation vis-à-vis other currencies. My analysis focuses on a few basics:  the dollar’s status as the global reserve currency, Triffin’s Paradox (a.k.a. Triffin’s Dilemma) and global capital flows into the dollar and dollar-denominated assets such as U.S. Treasury bonds. » Read more

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When Every Country Wants to Sell, Who Buys?

The world is trapped in a quest for 'Demand'
Tuesday, April 22, 2014, 1:14 PM

Understandably for the US, which sustained a consumption supercycle for several decades, the post-financial crisis period has kicked off a new trend: Americans want to consume less, and make more.

Americans want to own less stuff, use less energy, and produce their own goods. In short, Americans want to sell» Read more