trade recession

I Can’t Get No Re-cession

By |2019-11-19T17:15:15-05:00November 19th, 2019|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

The Germans managed to do it, to avoid meeting the dreaded technical definition of recession. While not a meaningful one, conventional wisdom assigns the classification to any economy which features two straight quarters of declining output typically measured by real GDP. Germany’s was slightly negative in Q2 with most expectations for a repeat in Q3. Instead, deStatis reported last week [...]

Like ‘Inflation’, US Trade Betrays Core Monetarism

By |2015-11-05T13:56:08-05:00November 5th, 2015|Economy, Federal Reserve/Monetary Policy, Markets|

Much like global “inflation”, if you set out to find global “demand” you will be hard pressed to find it.  QE was supposed to be a huge boost to aggregate demand, through inflation expectations, yet the score in 2015 is hugely negative.  Overseas problems are not unfortunately so remote, despite all mainstream protestations, as you can simply trace it all [...]

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