@michaelxpettis Trade surpluses are only possible with savings surpluses.
At an ultra low interest rates environment, the countries that have high savings bring very low returns to the country.
Countries such as Japan, Korea and Germany with high surpluses fund the countries that have deficits
@Imburninup87 First you should decide about your country's name.
You have many names for your country United Kingdom, Great Britain, England and so on and so forth.
@tashecon Either 2% or 5% is not about defence sufficiency. It is about selling weapons to other Nato members.
When US complaint about other Nato allies defence spending She did not say I will spend less.
@SelvaDemiralp ... Normal bir ekonomide ücretler piyasada belirlenir.
Türkiye'de ise ücretlerin büyük bir kısmı hükümet tarafından (enflasyona göre ayarlanarak) belirleniyor. Memur maaşları, asgari ücret ve emekli maaşları...
Yani 'adaptive expectations'. Para politikası tarihi göstermiştir..
@AtifRMian Debt is money.
Money that is not spent is saved.
Savings are lent to borrowers as debt.
That means debt is saving.
So much debt means so much saving.
And so much saving also means so much money.