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Good morning 🌞 After the neutral Fed minutes, JPO heard fixed income investors & whispered sweet nothings into equities’ 👂. Said Tuesday the Fed was closely monitoring the implications of the trade tensions on the econ & would:
“Act as appropriate to sustain the expansion🕺🏻”
“Act as appropriate to sustain the expansion🕺🏻”
Korea posted its 1st current account deficit since April 2012 (headline); before you freak out, let's look at it quickly.
A current account is a way to measure net income flows:
CA (net income) = Net trade (services +goods)+ Primary & secondary incomes
Chart below 👇🏻
A current account is a way to measure net income flows:
CA (net income) = Net trade (services +goods)+ Primary & secondary incomes
Chart below 👇🏻
You know from all my posting of NEGATIVE GROWTH OF EXPORTS that income inflows from exports are 📉but imports are 📉too so net merchandise trade still positive in April at 5.7bn.
It's the services that dragged (they always do). So where't the negative from? Primary income (green
It's the services that dragged (they always do). So where't the negative from? Primary income (green
