China’s vision of trade is exporting without importing.     -Brad Setser, Council on Foreign Relations, via WSJ, 6/14/25 In volume terms, which adjust for the effect of exchange rates, Chinese imports through March haven’t grown at all since the end of 2022—while exports have rocketed 33% higher, according to data from the Netherlands Bureau of Economic Policy Analysis…     -Wall Street Journal, “Trade with China is Becoming a One-Way Street”, 6/14/25 …beneath the hatches sealed with tar,

US threatens an economic “Iron Curtain”…but the west is on the “USSR side” of the curtain     -Title of the 7/30/24 edition of FFTT In a few simple charts we show that the BRICS+ make and net export goods while the West (US, EU, Japan, etc.) make and net export debt; as such,any economic “Iron Curtain” is highly likely to accelerate several powerful structural forces in coming quarters/years: a) Deflation and lower bond yields in the

You are going to see a crack in the bond market — OK?  It is going to happen.     -JPM CEO Jamie Dimon, via WSJ, 5/30/25 I do not believe that these issues will cause a crisis in the next five to 10 years, and, unfortunately, this may lull us into a false sense of security. But after 10 years, it will become clear that action will need to be taken. The problem is not that