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Trade, Japan, fading savings

Summary:
The slowdown in imports could indicate a slowing domestic economy: Both exports and imports increased in October. Exports are up 18% compared to October 2020; imports are up 22% compared to October 2020. Japan not doing so well: Personal income and savings went up with the fiscal transfers, and now they’re fading:

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WARREN MOSLER considers the following as important:

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WARREN MOSLER writes Unemployment claims, existing home sales, architecture billings, housing starts

WARREN MOSLER writes Consumer sentiment, industrial production, retail sales, inventories

WARREN MOSLER writes Payrolls, consumer credit

WARREN MOSLER writes Construction spending, JOLTS, vehicle sales, durable goods orders

The slowdown in imports could indicate a slowing domestic economy:

Both exports and imports increased in October.

Exports are up 18% compared to October 2020; imports are up 22% compared to October 2020.

Trade, Japan, fading savings

Japan not doing so well:

Trade, Japan, fading savings

Personal income and savings went up with the fiscal transfers, and now they’re fading:

Trade, Japan, fading savings

WARREN MOSLER
Warren Mosler is an American economist and theorist, and one of the leading voices in the field of Modern Monetary Theory (MMT). Presently, Warren resides on St. Croix, in the US Virgin Islands, where he owns and operates Valance Co., Inc.

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