Great point at 6:41. Am paraphrasing, So much of our inflation has been exported to our trading partners based on the unique status of the US dollar and the world’s willingness to absorb our inflation. We have the inflation now, and it’s only going to get worse. Trading partners around the world are taking the bullet for us.
Our top 10 trading partners are all experiencing low inflation.
Canada 1.23%/year Mexico 3.6%/year China 2.5%/year Japan 1.6%/year Germany 1.42%/year Korea, South 1.14%/year United Kingdom 2%/year France .7%/year Switzerland .06%/year India 1.23%/year
Great point at 6:41. Am paraphrasing, So much of our inflation has been exported to our trading partners based on the unique status of the US dollar and the world’s willingness to absorb our inflation. We have the inflation now, and it’s only going to get worse. Trading partners around the world are taking the bullet for us.
ReplyDeleteOur top 10 trading partners are all experiencing low inflation.
DeleteCanada 1.23%/year
Mexico 3.6%/year
China 2.5%/year
Japan 1.6%/year
Germany 1.42%/year
Korea, South 1.14%/year
United Kingdom 2%/year
France .7%/year
Switzerland .06%/year
India 1.23%/year
source: http://www.research.stlouisfed.org/fred2/graph/?g=K2F
Is holding gold in the form of gold shares safe enough?
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