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.
The Baltic Air Freight Index (BAI), has useful post this week, on Shanghai and or Hong Kong freight to North American in comparison to Europe. (The Baltic Exchange launched the air freight index last November, partnering with Hong Kong-based air cargo pricing publisher TAC Index. Anyway, as we think about supply-side inflation and the relative performance of Europe and N-A, and trade with China, this is interesting:
By the close of Mach, US personal income was up around 30% y/y. Government transfer payments accounted for more than the entirety of the gain, thanks to a significant third round of stimulus, as well as unemployment benefits (to a much smaller but still-material extent).
Yeah, but I bet there was a significant decline between Feb and March 2020 :-)! So, a I know you will agree, FISCAL! and insufficient FISCAl!, which could be better targeted. But a win nonetheless, as you say.
Some depressing fracking s--t from Franko-Pan, all the more so because it is likely true. But you never know, a senator could die, the establishment may judge that their power will rely on rehabilitating US soft power, which seems to be what has been attempted since a cooling of rhetoric and provocation has occurred in the black sea region. Hope springs perhaps not eternal, but continuously.
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The Baltic Air Freight Index (BAI), has useful post this week, on Shanghai and or Hong Kong freight to North American in comparison to Europe. (The Baltic Exchange launched the air freight index last November, partnering with Hong Kong-based air cargo pricing publisher TAC Index. Anyway, as we think about supply-side inflation and the relative performance of Europe and N-A, and trade with China, this is interesting:
https://www.balticexchange.com/en/news-and-events/market-information/air-freight/2021/a_Tale_of_Two_Cities_Does_the_data_foretell_more_supply_chain_imbalance.html
Interesting link, Marian.
By the close of Mach, US personal income was up around 30% y/y. Government transfer payments accounted for more than the entirety of the gain, thanks to a significant third round of stimulus, as well as unemployment benefits (to a much smaller but still-material extent).
Fiscal!
Yeah, but I bet there was a significant decline between Feb and March 2020 :-)! So, a I know you will agree, FISCAL! and insufficient FISCAl!, which could be better targeted. But a win nonetheless, as you say.
Yes, poor targeting, but I suppose the response would be that it's politics, which is based on interest groups and constituencies.
GOP will try to kill the economy just like Dems killed it last year you left wingers are all drinking the blue kool aide..
We’re headed to debt ceiling July31 then “extraordinary measures” after that....
Fiscal is done... Dems will have to use Reconciliation in Sept Oct time frame when “extraordinary measures “ run out to get something thru...
They could always start a war... foreign fiscal.
Some depressing fracking s--t from Franko-Pan, all the more so because it is likely true. But you never know, a senator could die, the establishment may judge that their power will rely on rehabilitating US soft power, which seems to be what has been attempted since a cooling of rhetoric and provocation has occurred in the black sea region. Hope springs perhaps not eternal, but continuously.
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