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Cory’s Chart Corner
Load MoreHeadline chasing algos need to do deeper dives...
h/t @hussmanjp
y'all realize the UK is only about 3% of U.S. trade, the U.S. already runs a surplus there, and the 10% U.S. tariffs will stay, right?
keep in mind that studies indicate U.S. consumers shoulder the majority of tariff incidence, with minor incidence to foreign countries
Monthly Archives: June 2013
Who is buying US exports?
More perspective on slowing global demand and recent “strength” in US exports. Banking on continued demand from over-indebted, under-saved Canadians in the midst of a stagnant (and falling) housing market? Not to mention the fact that the Canadian dollar has … Continue reading
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Shipping in crisis: inside Germany’s ghost port
More postcards from the real economy: enormous global overcapacity is proving a formidable headwind to growth expectations. World trade has been falling since 2010 and the world is awash in overcapacity and oversupply: this is the same “huge misjudgment of … Continue reading
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ECRI: What wealth effect?
Despite surging prices for homes and equities, consumer spending is contracting, registering its biggest monthly decline since September 2009. Quite simply, the wealth effect is rendered moot by languishing incomes. No wonder yoy U.S. import growth has also plunged into … Continue reading
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