Global Trade
115 Threads
The global balance of payments has to add up (at least in theory). But it it is still surprising how well the surplus of East Asia and main oil exporters lines up with the defi...
🇬🇧 Braemar: “As China consumes ~ 20% of the world’s oil supply, a return to normality is viewed, by owners, as a wholeheartedly positive development for oil trade. This would benef...
1/10 In this very good article Peter Goodman argues that there all sorts of "friend-shoring" and "near-shoring" reasons for American businesses to shift offshore production from co...
It's time for Leg 2 of the USD Wrecking Ball World Tour! This is a great summary of relative CB hawkishness. Let's see how the currencies of countries with POSITIVE REAL RATES are...
No one these days really doubts that Chinese industrial policies have distorted global trade. Relatively few people are aware that the distortions to global goods and services tra...
The core numbers used to evaluate how China's economy impacts the rest of the global economy just aren't lining up right now, making it hard to answer basic questions about China's...
1/9 “The fear", according to a government official, "is they might one day shut down the German site altogether and transact all their business in the Chinese factory instead. Thei...
President Xi over the past week, have done 2 years worth of diplomacy And the results are immediate...🧵 https://t.co/008nLNbwkq
1/4 "The weakness in producer prices was driven in large part by declining global commodity prices compared with last year, economists said. But they added that the data also refle...
1/6 It really doesn't matter how innovative US manufacturing might be, as long as the role of the US in the global trade and capital regime is to provide the deficits needed to acc...
1/4 I would add to Brad's analysis that the surge in German exports in 2009-12 was almost certainly related to the extraordinary surge in Chinese infrastructure and property spendi...
1) In today's market it's increasingly difficult to select high quality cryptocurrencies. Most fade away and as such we need to search for the best fundamentals. A thread on $MN...
1/ India's thinking is dominated by English, which means it is shaped by what goes on in the US and UK. I will explore some consequences here. First let's come to economics. Both...
The big cope with manufacturing is that it got outsourced to China because they have lax regulations. Once people try to bring manufacturing back, the reality sets in: it's hard to...
I have such a bad feeling about this US vs. China chip war escalation. I’m not saying it was the wrong move. Just that… semis are maybe the most globalized, complex, dependencies-s...
A/ It is extremely important that thinking people grasp the basics of our modern global monetary system. What you do not know can hurt you. Here is a very basic outline. 1. Nation...
Look at this chart. That’s the sterling pound against the Malaysian Ringgit. It has fallen to a 9-year low against our local currency, and is almost on parity with the US dollar...
This is Vietnam. Did you know that Vietnam has a HIGHER manufacturing export market share than India, a country that is massively bigger than Vietnam by both population and GDP by...
Rapidly worsening outlook for the world economy, underpinned by rising food, fuel and fertilizer prices, heightened financial volatility, sustainable development divestment, comple...
Economies of scale, standardization and QC go hand in hand. It’s a chicken-or-egg problem in a globalized “free” market. China solved it by first incentivizing mass production. The...
(1/14) Global Finance Fundamentals: Reserve Currencies What makes a currency a reserve currency? Why are they so important to global trade and finance? What are the implications o...
What happens if 41% of the world decides the US Dollar is no longer the only global reserve currency? 🧵A thread on the BRICS alliance, their plans for a new reserve currency, and...
Intro to the US Dollar The US Dollar is the strongest it's been in 20 years, and the effects of its rise are felt by the whole world. But why does the dollar continue to apprecia...
1/ 🧵on dominant USD💵 USD has been on upward swing since mid 2021 and has jumped sharply more recently ❓What is $ Index? ❓USD💵role in global economy?
