Markets Can’t Ignore Exploding Trade Deficits Forever – Ep 745

    • US dollar would tank if traders understood implications of economic data.
    • Trade deficit continues to break records month after month.
    • Strong economies have trade surpluses; we have a bubble economy.
    • We’re only consuming and importing because we’re printing a currency the world still values.
    • Massive trade deficits aren’t a problem until they’re a crisis.
    • Government pretends rights are privileges so it can tax them.
    • Moral hazard and rampant fraud will ramp up childcare costs under new Biden plan.

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