Wednesday , 19 September 2018


Debt & Deficits

NAFTA: The Major Imports & Exports Between the U.S. & Canada Are Surprising

Canada and the United States are the world's largest trading partners. The U.S. accounts for about three-quarters of Canada's exports. Because of geography and the North American Free Trade Agreement, there are a number of products that the countries export to each other while at the same time importing from the other. [Take a look at the list. You might be very surprised.] Words: 712

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How Americans View Recent Trade With Canada & China

Most people are not experts on the subject of trade so perceptions of trade relationships in the public eye are still a crucial indicator of how one's country is doing vs. each other. If the majority of Americans think they are getting the short end of the stick on international trade, this sentiment ultimately affects how politicians campaign, how policy decisions are made, and the success of the wider economy. Today’s chart, breaks down the data from a recent Gallup poll on how Americans view the country’s trade relationships.

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WTF – Why Tariffs For Canada?

It continues to be baffling beyond words how Canada has ended up being among the Trump administration's "most wanted" trade villains. In a client note, Doug Porter, the chief economist at the Bank of Montreal, set aside his usual analysis for a "rant" that pretty much demolished the argument that Canada is the trade villain Trump makes us out to be.

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We’re Heading to the Great Reset – Prepare Now

The entire world went into debt for the equivalent of tropical vacations and, having now enjoyed them, realizes it must pay the bill. The resources to do so do not yet exist so, in the time-honored tradition of lenders everywhere, we extend and pretend - but with our ability to pretend almost gone, we’re heading to the Great Reset.

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Canada Slapping Tariffs On $12.8B Of US Goods — Here Are the States That Stand To Lose the Most

Canada isn't taking President Donald Trump's decision to hit the country with steel and aluminum tariffs lying down. Prime Minister Justin Trudeau announced that Canada will impose retaliatory tariffs on $12.8 billion worth of US goods in response to Trump's metals tariffs effective July 1 and will stay in place until the US removes the steel and aluminum restrictions. . The biggest losers from the US-Canada trade fight are industrial states in the Midwest.

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Debt Delinquencies: What Comes Next Won’t Be Exactly ‘A Good Time’

There is a strong correlation – both historically and logically – between interest rates and credit card debt delinquencies. As rates rise, outstanding debt burdens become difficult to service so, until the Fed reverses their tightening, things will only worsen for credit-card users from here. That’s why a serious question needs to be asked: with auto loans, student loans, and credit card delinquencies all on the rise – and we’re not even in a recession – what can we expect from here?

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U.S. Debt Per Dollar Of GDP Growth Continues To Go Ballistic

The U.S. and global economies are choking on a massive amount of debt. While Wall Street and the mainstream financial media continue to rationalize the skyrocketing debt as merely the cost of doing business, the disintegrating fundamentals point to an economic catastrophe in the making. [Indeed,] when the massive amount of debt finally implodes, it will take down the values of most stocks, bonds, and real estate. This is not a matter of "if,” it’s a matter of “when” and it seems as if the "when" is quickly approaching.

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