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Tag: trade surplus

When Inflation is really Deflation

QUESTION: Why is the Fed doing so much Reverse Repo? Do you think it will hit $2 trillion? JE ANSWER: I understand that people seem to be talking up the reverse...

Is the Dollar Overvalued or Undervalued?

The latest claim running around is that the dollar is overvalued relevant to its trading partners, and it will decline as the economy recovers due to imports. You...