The US Dollar: Where It All Begins
Real Vision: Finance & Investing
00:00
Is the US Economy in a Classic Liquidity Trap?
The economy in our own cycle, partially because of zero COVID. China according to our models are very clearly stuck in what is the most obvious classic liquidity trap that we've probably seen since Japan in the 1990s. So it's not appropriate to extrapolate some of those dynamics to the US economy that is quote unquote booming. We published a 160 page slide deck yesterday that explains why all these problems are getting worse and how they're likely to continue, at least over the medium term. And so we would expect an upside surprise on the core aspect of the discussion in next month's print.
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