Jon Sindreu on Global Financial Flows and the Balance of Trade
Macro Musings with David Beckworth
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Is the Money View Making More Sinny in the Short Run?
The money view makes more sense in the short run, and the b i s view is very consistent with that. John Sutter: The people who've picked up this baton are reverting back to lonable funs theory. He says it's ironic how much of credit creation has been based on real stuff like cheap goods from china.
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