The Power of Stimmies after Decades of Rampant Offshoring: Trade Deficit Hits Worst Ever, Duh by Wolf Richter • Apr 7, 2021 • 251 Comments Imports of goods soared, while the already small services surplus plunged to nine-year low.
Momentous Change in US Natural Gas with Global Impact as Exports Soar to Huge Record Despite Collapse in the Spring by Wolf Richter • Mar 15, 2021 • 86 Comments Biggest buyers: Mexico, South Korea, Japan, China, Spain, UK. Price spike in February, when Texas froze up, unwound. Asian LNG price spike in January is unwinding.
Consumers Paid Down Credit Cards Again! By Most Ever. But Cash-Out Refis Spiked to Highest since 2005/6 Peaks. What Gives? by Wolf Richter • Mar 5, 2021 • 172 Comments They’re not the same consumers.
US Trade Deficit in 2020 Worst since 2008, Goods Deficit Worst Ever Despite First Ever Petroleum Surplus. Services Surplus Drops Again by Wolf Richter • Feb 8, 2021 • 174 Comments But the Trade Fiasco with China was the least terrible since 2013.
US Dollar as “Global Reserve Currency” amid Fed’s QE and US Government Deficits: Dollar Hegemony in Decline by Wolf Richter • Dec 31, 2020 • 299 Comments Other options also shaky. Central banks leery of Chinese RMB, its share still irrelevant. Euro’s share is stuck. But the yen’s share has been rising.
