An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
Exports plunging. Consumption weak. Inventories ballooning.Imports up.Production hasn't stopped falling since the crash, though the declines in output have slowed with new production offsetting depletion.
No significant gain in income and little appetite to increase consumer debt to support robust recovery absent offset by net exports or government.
Yes, all stuff I have been pointing to in my MMT Trader report.
Bank credit creation flat.
Bill Nye @BillNye 1 hour ago I'm baaaack. April 21st. #BillNyeSavestheWorld only on @Netflix.All this talk of economic doom and gloom ... well, I just had to post it :)
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