https://www.bloombergquint.com/global-economics/yellen-says-fed-more-to-blame-for-wider-trade-deficit-than-china#gs.KWJawKg
Quote:
"I do not see unfair trade practices in China, or anywhere in the world, as what is responsible for the U.S. trade deficit,” Yellen said.
End Quote:
Finally, former Fed chair Yellen has spoken the truth.
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1 comment:
The fiscal stimulus cum rising interest rates are causing USD to appreciate and are also causing the US trade deficit because the US consumers will have higher consumption power due to the higher USD. In a nutshell, the US economy is starting to overheat, just as I suspected in my previous post. However, Yellen will not say this upfront because this will cause a lot of problems in the US.
http://sg-stock.blogspot.com/2018/09/a-roundup-of-us-economic-situation.html
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