Today’s import and export numbers for the USA show a disturbing trend. US export prices rose +17.2% YoY in July. That is the third consecutive month of +16.9% and above export prices growth.
That begs the question: Is The Federal Reserve exporting inflation to US trading partners through its financial repression?
The Wall Street Journal has a nice opinion piece entitled “You’re Already Paying for That $4.5 Trillion (Taxes haven’t gone up yet, but inflation and lost productivity amount to financial repression).
The Financial Repressors, Yellen and Powell.
