Debt Rattle August 18 2022

 

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  • #113733

    I can’t recall who sent me to Mannarino, but here’s the FRED graph he was holding up.
    It speaks for itself.

    #113735
    Afewknowthetruth
    Participant

    Thanks for the graph.

    I (AFKTT) linked the Mannario video.

    Here’s the latest update on the tailspin that the NZ economy is in, courtesy of Interest.co..

    ‘FIFTEEN TIMES WORSE
    Our trade balance is deteriorating fast. In the two months June and July 2021, we ran a -$142 mln deficit. But in June and July 2022 that has blown out to a -$2.2 bln deficit. If we go back to 2019 and pre-pandemic, we had a surplus of +$330 mln and in July a deficit of -$732 mln. So we have been going back disarmingly fast.’

    #113736
    Afewknowthetruth
    Participant

    Wow! Comments?

    #113761
    zerosum
    Participant

    Truth is small potatoes – https://redacted.inc/latest-articles/3/

Viewing 4 posts - 41 through 44 (of 44 total)
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