Mosler Economics

They say its the strong $ that’s hurting exports. I say it’s the drop in oil related capex after the price collapse: This is what news headlines have been looking like (not good): From Rüdiger (top German Specialist) research: German new business orders for August were broadly lower. Compared to July, which was revised downward, they fell a seasonally adjusted 2.1pc. Compared to August 2014 orders rose 3.4pc. However, there are two critical factors behind this figure....

Their price cuts reported yesterday indicate they’d like to pump more: Gap widening as previously suspected, even with lower oil prices: International Trade Highlights A surge in imports of new iPhones helped feed what was an unusually wide trade gap in August of $48.3 billion, well up from July’s revised $41.8 billion. But cell phones, at $2.1 billion, make up only a portion of the gap with a drop in exports the most salient factor. Exports were down nearly across the board...

A gauge of U.S. investment plans slipped more in August than initially estimated, giving a cautionary sign for the economic outlook. New orders for non-military capital goods outside of aviation fell 0.8 percent in August, the Commerce Department said on Friday. The government had previously reported that this gauge, which is a leading indicator of business investment, had fallen 0.2 percent during the month. Shipments of this category of goods also fell, declining a...

This is how they would start a downward price spiral if that’s what they wanted: Saudi Aramco Cuts Crude to Asia, U.S. Amid Weak Demand By Anthony Dipaola Oct 4 (Bloomberg) —Saudi Arabia cut pricing for November oil sales to Asia and the U.S. as the world’s largest crude exporter seeks to keep its barrels competitive with rival suppliers amid sluggish demand. Saudi Arabian Oil Co. reduced its official selling price for Medium grade crude to Asia next month to a discount of $3.20...

Even the city is turning south: The post NY ISM index appeared first on The Center of the Universe.

Time to say goodbye to the euro?

12:1 scale model 79' 60 passenger ferry

There is no deficit problem!