GDP, World trade

by WARREN MOSLER So the savings rate puzzle, where consumption was exceeding income, has now been reconciled with large upward revisions in personal income. And looks like the credit expansion that supplied the income and drove the spending was from non-residents. …

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Coming soon: a world of pervasive NIRP and QE by all central banks as they do everything in their power to prevent the zombie system, which now only exists thanks to incremental debt, from collapsing.

“All cost of capital globally, eventually, will have to go negative and the reason is very simple: it’s the degree of leverage and financialization that we have globally. Pretty much every country now needs 3 to 4 dollars of debt for every …

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The world is cooling fast

Funny, a little heat wave, nothing special, and against a backdrop of falling temperatures world wide. The Pacific is far colder today than three years ago. Here is a shot from 2015 compared with today and there is more blue, …

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World Cup celebrations turn chaotic in France.

https://www.youtube.com/watch?v=HCTi62_1Z1s What a wonderful diverse nation.. France World Cup violence ERUPTS: 2 dead as riots break out in Paris – MILLION on streets Celebrations turned to chaos in France with riots and looting as millions of French fans had been …

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The USA Is Now a 3rd World Nation

by Charles Hugh-Smith I know it hurts, but the reality is painfully obvious: the USA is now a 3rd World nation. Dividing the Earth’s nations into 1st, 2nd and 3rd world has fallen out of favor;apparently it offended sensibilities. It has been …

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