How Has the US Dollar Held Up as “Global Reserve Currency” During Q2 Turmoil? by Wolf Richter • Sep 29, 2020 • 94 Comments Declining Hegemony. But still Hegemony.
Powered by Stimulus & Rent/Mortgage Payments “Not Made,” US Trade Deficit Hits Record Worst Terrible Level Ever by Wolf Richter • Sep 29, 2020 • 89 Comments Not a sign of strength, but of big economic distortions.
World Trade Plunges. Here’s Why it’s Even Worse in Reality: China’s Deep-Fake Data Comes to Light by Wolf Richter • Jun 27, 2020 • 225 Comments But the downturn in the goods-based sectors started in 2018. US exports are now down 37% from that peak, imports down 25%.
How a Coronavirus Case in Korea Instantly Hit a Small Business in the US by Wolf Richter • Feb 27, 2020 • 140 Comments Everyone is trying to figure out how to get around the sudden hurdles.
It Starts: Apple Throws Revenue Guidance Out the Window, on Supply Chain Woes & Sales Collapse in China by Wolf Richter • Feb 17, 2020 • 173 Comments This will become an often-played tune over the next few months, delineating how dependent Corporate America has become on China.
What Will the Coronavirus Do to the US & Chinese Economy? by Wolf Richter • Feb 6, 2020 • 122 Comments Is this the black-swan event people have been predicting for years?
US Imports from China Plunged Most Ever in 2019, Shifted to Other Countries, and the Goods Trade Deficit Improved Only a Tad from Worst Level Ever by Wolf Richter • Feb 5, 2020 • 94 Comments Corporate America rerouted its supply chain to other countries.
US Auto Imports from Mexico Hit Record, but Mexico’s Global Auto Exports Fall for First Time since 2009 by Nick Corbishley • Jan 11, 2020 • 31 Comments GM shifts even more production to Mexico (even as its US sales fall). But Ford’s imports from Mexico plunge. FCA’s, Audi’s, Nissan’s down too.
Manufacturing Employment, New Orders & Production Fall Fastest Since Apr-Aug 2009 by Wolf Richter • Jan 3, 2020 • 91 Comments An ugly report. How will it impact the overall economy?
Status of US Dollar as Global Reserve Currency v. Euro, Yen, Chinese Renminbi, & Others by Wolf Richter • Jan 2, 2020 • 111 Comments Latest data is out. Folks who hoped the Renminbi would break the dollar hegemony have to be very patient.
