I’m Living in an Economic Twilight Zone – Ep. 52

* China announces a record trade surplus

* Media reports surplus as bad news for China

* Because of the strength of the Yuan, Chinese can buy more imports for less

* Chinese consumers purchasing more

* Chinese businesses manufacturing more

* Contrary to press reports these factors point to a strong economy in China

* U.S. has record deficits along with a strong dollar

* The short term effect of a strong currency is that trade deficits should go down because imports are cheaper

* The fact that our trade deficit continues to rise illustrates underlying economic weakness

* Media double standard: China trade surplus is bad but U.S. trade deficit is good

* Media reports "low rate of unemployment" among college grads, however:

* Record number of college graduates are under employed

* Only 44% of employed Americans work 30 hours or more per week

* In future, the smarter students will skip low-value degrees in favor of work experience

* Shake Shack IPO valuation $1.5 billion on $5 million profits

* Grilled Cheese Truck: valued at $100 million on negative revenues

* Black is white and white is black: Twilight Zone


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