Trade, China

by WARREN MOSLER Imports up, exports down: China’s December industrial profits fall for 2nd straight month (Reuters) Profits notched up by China’s industrial firms declined 1.9 percent from a year earlier to 680.8 billion yuan ($100.9 billion) in December. For …

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Trade Wars Are Fun And Easy To Win

Thanks to Trump, China’s economy is rapidly decelerating. By adopting a tough stance on trade with Beijing, President Trump was able to expose the weakness of China’s economy and demonstrate that its growth is far more fragile than it appears. …

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Existing home sales, Trade, BOJ

by WARREN MOSLER Bad: Highlights Mortgage rates began to move down in December but it wasn’t soon enough to help the month’s resales. Existing home sales fell a sharper-than-expected 6.4 percent to a 4.990 million annualized rate that is the …

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IMF: Trade War Hurting Global Growth, May Cut Expectations a Second Time; “Conflict Gauge”: Dalio’s Proprietary World Stress Meter at Highest Level Since 1940s; Bloomberg: “The Bubble’s Losing Air. Get Ready for a Crisis”

Bloomberg: “The Bubble’s Losing Air. Get Ready for a Crisis” “The ‘everything bubble’ is deflating. The fact that it’s happening relatively slowly shouldn’t blind us to the real threat: The world is dangerously underestimating how hard it’ll be to deal …

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Trade revisions post a warning for UK GDP

by Shaun Richards This morning has shown us that the way that the UK government deals with the private-sector has issues. From Reuters. Interserve Plc’s (L:IRV) shares sank almost 60 percent in value on Monday after the British outsourcing company announced …

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