Im Living in an Economic Twilight Zone Ep. 52

Published: Feb. 10, 2015, 5:42 a.m.

b'
\\n
\\n\\t* China announces a record trade surplus
\\n\\t* Media reports surplus as bad news for China
\\n\\t* Because of the strength of the Yuan, Chinese can buy more imports for less
\\n\\t* Chinese consumers purchasing more
\\n\\t* Chinese businesses manufacturing more
\\n\\t* Contrary to press reports these factors point to a strong economy in China
\\n\\t* U.S. has record deficits along with a strong dollar
\\n\\t* The short term effect of a strong currency is that trade deficits should go down because imports are cheaper
\\n\\t* The fact that our trade deficit continues to rise illustrates underlying economic weakness
\\n\\t* Media double standard: China trade surplus is bad but U.S. trade deficit is good
\\n\\t* Media reports "low rate of unemployment" among college grads, however:
\\n\\t* Record number of college graduates are under employed
\\n\\t* Only 44% of employed Americans work 30 hours or more per week
\\n\\t* In future, the smarter students will skip low-value degrees in favor of work experience
\\n\\t* Shake Shack IPO valuation $1.5 billion on $5 million profits
\\n\\t* Grilled Cheese Truck: valued at $100 million on negative revenues
\\n\\t* Black is white and white is black: Twilight Zone
\\n\\nOur Sponsors:\\n* Check out Rosetta Stone and use my code TODAY for a great deal: https://www.rosettastone.com/ \\n\\nPrivacy & Opt-Out: https://redcircle.com/privacy'