Jeff Gundlach: The Biggest Fed Reversal in Memory
“If we hadn’t grown the debt by 7% of GDP, I guess we’d have a negative economy right now”
Realistically Speaking, US Household Debt Is 15% Lower than in 2008
The interest expense on household debt, relative to disposable income, is the essentially the lowest on record.
GDP, Population, Exports: USA vs China vs India
While China is now the largest exporter in the world, it is easy to forget that it only claimed that title from the US six years ago
Image of the Day: Full Speed Ahead
Worth a chuckle…
In Brief: India Has the Most Polluted Cities on Earth
15 of the 20 most polluted cities in the world are now in India
Kyle Bass: China Has Printed More Money than Any Country in History
“By the way, they run a 10% of GDP fiscal deficit”
Brexit: There Is Only One Way out of the EU Customs Union
Accepting a transition plan with the Irish Backstop all but guarantees that the UK remains in an EU customs union post Brexit
Germany’s Vanishing Military
Germany is the second largest economy and population in NATO, after the US
Daniel Lacalle: Global Slowdown About Debt-Saturation Not Trade War
“The trend of slowdown started way before the trade challenges started”
Kyle Bass: Chinese Economy Is a ‘Mirage’
“The whole thing is made up with a printing press, keeping a closed capital account, and hoping the world doesn’t notice it…”