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Money and BanksProtectionism and Free Trade
If the Chinese sell us stuff and then "hoard" the money we pay them, that increases the value of the dollars we continue to hold here in the US, while also leaving us with more stuff to sell elsewhere.
Global EconomyMoney and BanksMoney and Banking
The future of Venezuela is grim. International reserves will be depleted, monetary expansion will not pay the deficit, and inflation will continue.
Money and BanksMoney and Banking
As the foundation of the economy weakens, bank lending weakens also. And then money begins to disappear from the banking system.
Financial MarketsGlobal EconomyMoney and Banks
97% of consensus economists didn’t see the last recession the quarter before it started. Even worse, 77% didn’t see a recession when it was already happening!
Now untethered from everything except the will of central bankers, international exchange rates are especially prone to manipulation worldwide.
The key factor behind the rate-of-exchange determination is the relative purchasing power of various monies.
Money and BanksTaxes and Spending
Some inequality arises naturally from freedom of choice. Some comes from government meddling. One is good and the other is bad. …
The Fed's policies over the past decade have resulted in a rapidly widening wealth and income inequality.
All the sophisticated quantitative methods by themselves can't help us understand the cause-and-effect of what's behind the boom-and-bust cycle.
China’s stealth devaluation is not making the country more competitive, it is making household and corporate debt riskier as the purchasing power of the yuan is diminished.