Macroeconomic views from Rick Ackerman
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Very possible, CFS
Shouldn’t China WANT the dollar to be overvalued? Regardless, they surely understand the reasons why the dollar will remain overvalued. Concerning inflation, it is the prospect of deflation — of a speculative bubble financed by debt — that China is worried about. They are not exactly exporting inflation to the world — in fact, the opposite is true — so how could domestic inflation possibly become a problem?
oops, believe not belive
Off Topic:
Suggested reading for Mr. Moriarty:
https://www.amazon.com/Iran-s-Deadly-Ambition-Islamic-Republic-s/dp/1594038015/ref=sr_1_fkmr0_1?s=books&ie=UTF8&qid=1485134550&sr=1-1-fkmr0&keywords=iran+dealy+berman
I wait to see where it closes today, but I like the chart.
Off Topic:
PARIS (AP) — In a city hit by chronic pollution and traffic problems, Paris officials are experimenting with a self-driving shuttle linking two train stations in the French capital.
Two electric-power EZ10 minibuses, which can carry up to six seated passengers, were put into service Monday and will be tested until early April between the Lyon and Austerlitz stations in Paris. The GPS-guided vehicle is free and will be running seven days a week.
“To respond to the pollution emergency in big urban zones it is urgent to innovate with new transportation systems that are more environmentally friendly,” said Catherine Baratti-Elbaz, head of the local district where the test is taking place.
Jean-Louis Missika, a Paris deputy mayor in charge of innovation, said self-driving vehicles “will change the urban landscape in a spectacular fashion” within the next 20 years.
Conceived by the French company Easymile, the EZ10 will also be tested between two main green spaces in southern Paris later this year. The company said fleets of the small shuttle are already operating in several countries across the world including the United States.
“Let’s see how people will adopt them, how they will react in a vehicle without a driving wheel and no driver,” Missika said.
With a commercial speed of 15 kph (9 mph), the shuttle has been designed for public transportation to cover short distances. Equipped with a system detecting objects, the EZ10 can adjust its trajectory to avoid obstacles and does not need heavy infrastructure to be operated.
On the Charles de Gaulle bridge linking the two train stations, the shuttles are running on separate lanes and don’t mix with other vehicles in traffic.
Thanks CFS
just put in some moving sidewalks …..and forget it…….
Off Topic:
List of Official China imports of Wheat in 2016, by country of origin.
(All figures in metric tons)
Dec Change Jan-Dec Change
in Tons on Year in Tons on Year
Wheat
Total 223,399 +4.32% 3,374,288 +13.51%
Australia 91,880 +29.73% 1,369,077 +9.08%
USA 57,750 +2.55% 862,402 +43.05%
Canada 63,330 -13.35% 858,818 -13.42%
Kazakhstan 10,439 -24.99% 283,971 +140.86%
Ditto for Rice:
Total 440,049 +11.26% 3,533,938 +5.49%
Vietnam 94,746 +28.77% 1,618,415 -9.8%
Thailand 197,591 +56.34% 928,431 -0.32%
Pakistan 88,433 -39.47% 703,766 +59%
Cambodia 20,701 +45.78% 121,875 +9%
Myanmar 20,277 +216.59% 88,419 +566.71%
Laos 13,763 -46.01% 66,853 +27.64%
Russia 4,275 +41.04% 5,206 +58.94%
Japan 248 -24.17% 388 -36.88%
South Korea 14 – 339 –
Taiwan – -100% 243 -24.07%
Italy – – 3 +663.64%
Ditto for Soybeans:
Total 8,996,081 -1.36% 83,913,047 +2.72%
Brazil 314,709 -69.02% 38,205,367 -4.67%
USA 8,112,419 +22.05% 34,170,896 +20.26%
Argentina – -100% 8,014,219 -15.09%
Uruguay – -100% 1,661,420 -28.32%
Canada 522,606 +4.12% 1,455,924 +35.92%
Russia 46,347 -2.21% 401,371 +7.47%
Ukraine – -100% 3,539 +233.59%
Ethiopia – – 220 –
he above data was out of China General Port Authorities Customs Data. I’m still looking for metals data.
Rick seems to be assuming that the Republican congress is going to go along with Trump. I’m not so sure when it comes to trade issues. That has been their bailiwick for 30 years. We’ll see.
The whole world wants to sell into the U.S. market, so we can be certain they’ll want to come to terms with Mr. Trump — and that they will. How opposed will Congress be to that?
Yes, Silverdollar, “we’ll see”!
I disagree with Rick with regard to China.
They have a oligarchy and DO NOT CARE if the RMB drops.
Only high inflation may stop their printing of money.
As long as they improve the standard of living of their people (and the oligarchy) they don’t care about debt.
They got rid of their US dollar reserves, I belive, not out of necessity, but because they believe the dollar is overvalued and they prefer to buy resources in the ground and land outside of China.