{"id":3666,"date":"2009-11-17T21:33:12","date_gmt":"2009-11-18T01:33:12","guid":{"rendered":"http:\/\/1boringoldman.com\/?p=3666"},"modified":"2009-11-17T21:35:07","modified_gmt":"2009-11-18T01:35:07","slug":"overseeing-the-controlled-collapse-of-a-hyperpower","status":"publish","type":"post","link":"https:\/\/1boringoldman.com\/index.php\/2009\/11\/17\/overseeing-the-controlled-collapse-of-a-hyperpower\/","title":{"rendered":"“overseeing the controlled collapse of a hyperpower”…"},"content":{"rendered":"
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When I was nosing around the balance-of-trade numbers, I found something curious. We understand why there was a recent diminution in the balance-of-trade [the Recession], and we worried that it’s headed back in the last few months. But why was there such a rise in the monthly trade deficit from 2003 to 2006? It’s close to double in that period! Well, it seems I came in at the middle of the movie. Here’s a longitudinal graph for a greater period [cumulative debt rather than monthly]:<\/div>\n
<\/a> <\/div>\n
And speaking of deficits and owing the rest of the world, there’s something called the NIIP<\/strong>:<\/div>\n

<\/p>\n

Net International Investment Position = domestically owned foreign assets – foreign owned domestic assets<\/strong><\/sup><\/div>\n
<\/div>\n
So try this quote<\/a><\/strong> on for size: "Detiorating U.S. net international investment position (NIIP) has caused concern among economists over the effects of outsourcing and high U.S. trade deficits over the long-run. Anyone with a shred of common sense knows it is in fact the US having it’s USSR\/1989 moment and Obama is equivalent to Gorbechev – overseeing the controlled collapse of a hyperpower.<\/font><\/strong>" Well, that’s certainly something to ponder…<\/div>\n","protected":false},"excerpt":{"rendered":"

When I was nosing around the balance-of-trade numbers, I found something curious. We understand why there was a recent diminution in the balance-of-trade [the Recession], and we worried that it’s headed back in the last few months. But why was there such a rise in the monthly trade deficit from 2003 to 2006? It’s close […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_forum_subforum_count":0,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-3666","post","type-post","status-publish","format-standard","hentry","category-politics"],"_links":{"self":[{"href":"https:\/\/1boringoldman.com\/index.php\/wp-json\/wp\/v2\/posts\/3666","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/1boringoldman.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/1boringoldman.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/1boringoldman.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/1boringoldman.com\/index.php\/wp-json\/wp\/v2\/comments?post=3666"}],"version-history":[{"count":0,"href":"https:\/\/1boringoldman.com\/index.php\/wp-json\/wp\/v2\/posts\/3666\/revisions"}],"wp:attachment":[{"href":"https:\/\/1boringoldman.com\/index.php\/wp-json\/wp\/v2\/media?parent=3666"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1boringoldman.com\/index.php\/wp-json\/wp\/v2\/categories?post=3666"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1boringoldman.com\/index.php\/wp-json\/wp\/v2\/tags?post=3666"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}