Debt Rattle August 18 2022

[my parents said know]

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

[Afewknowthetruth]

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.’

[Afewknowthetruth]

Wow! Comments?

[zerosum]

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

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