GDP Sunk by Trade Deficit Shitshow (Result of Globalization), Drop in Government Spending. Consumers Held up Despite Raging Inflation by Wolf Richter • Apr 28, 2022 • 173 Comments Inventories are slowly recovering, but remain below where they should be.
US Trade Deficit Exploded in 2021: The Price of 30 Years of Rampant Globalization by Wolf Richter • Feb 8, 2022 • 202 Comments The US still exports a lot of stuff — record amounts. But it drowns under a tsunami of imports. And the services surplus fizzled.
Year of Distortions, Shortages, Massive Inflation, Worst Trade Deficits Ever, and Hyper-Stimulated Growth Ends with a Bang by Wolf Richter • Jan 27, 2022 • 150 Comments But companies were finally able to rebuild some woefully low inventories.
Stimulus for the Rest of the World: Imports Spike, Trade Deficit in Goods Worsens Relentlessly by Wolf Richter • Dec 29, 2021 • 204 Comments Three-decade trend brought about by Corporate America and the religion of globalization.
Just Keeps Getting Worse: Services Trade Surplus, the American Dream-Not-Come-True, Worst in 10 Years. Imports Worst Ever. Trade Deficit Worst Ever by Wolf Richter • Oct 5, 2021 • 205 Comments Driven by Corporate America and the most grotesquely overstimulated consumer spending ever.
The Everything Shortage & Price Hikes Plastered All Over Fed’s “Beige Book” by Wolf Richter • Sep 8, 2021 • 180 Comments “We need lower consumer demand to give supply chains time to catch up… recover efficiency… and break this vicious circle”: CEO of Maersk’s APM Terminals, one of the largest container port operators.
Container Port Chaos in China, Soaring Freight Rates, Spiking US Producer Prices, as Fiscal & Monetary Stimulus Still Rage by Wolf Richter • Aug 12, 2021 • 146 Comments Some disruptions are “transitory,” but the spiral that the mix of ongoing over-stimulation has set off is anything but “transitory.”
After Upending the Global Oil Industry & Losing their Shirts, Shale Oil Drillers & Battered Investors Go for Price by Wolf Richter • Aug 3, 2021 • 54 Comments Imports from OPEC reduced to irrelevancy.
Container Freight Rates Spike to New Extremes, up 500% for Asia-US, Asia-EU since Early 2020. Worse Still Ahead by Wolf Richter • Jul 9, 2021 • 212 Comments “Turns out it’s a heck of a lot easier to create demand than it is to bring supply up to snuff”: Jerome Powell
The Dollar’s Declining Status as Dominant “Global Reserve Currency” v. the Dollar’s Exchange Rate by Wolf Richter • Jul 5, 2021 • 208 Comments Nothing Goes to Heck in a Straight line, not even the dollar’s hegemony.
