Markets Can’t Ignore Exploding Trade Deficits Forever
US dollar would tank if traders understood implications of economic data. Trade deficit continues to break records month after month. Strong economies have trade surpluses; we have a bubble economy. We’re only consuming and importing because we’re printing a currency the world still values. Massive trade deficits aren’t a problem until they’re a crisis. Government pretends rights are privileges so it can tax them. Moral hazard and rampant fraud will ramp up childcare costs under new Biden plan.