United States

Authored by John Rubino via DollarCollapse.com,

Of all the mini-bubbles now inflating out there, maybe the least explicable is the race among emerging market companies to borrow dollars. This has gotten them – and their governments — in huge trouble so many times in the past (see the Mexican default of 1982 and the the Asian contagion of 1997) that you’d think dollar debt would be kind of a hot stove thing for Brazilians and Mexicans.

But no, they’re back at it:

The following article by David Haggith was first published on The Great Recession Blog:

Trump’s supporters are increasingly alarmed, outspoken and feeling betrayed as their champion rolls over and plays lap dog for the political establishment. Even Rush Limbaugh, Trump’s golfing buddy and longtime advocate, said this week that what is happening with Trump and the Republicans is a “sellout” and “betrayal.” 

The US Trade Balance shrank to $43.7 billion in March, from an upward revised $43.8 billion in February, marking the month's deficit the smallest since October and less than the conesnus estimate of $44.5 billion. Imports declined by $1.7 billion, or 0.7%, to $234.7 billion, while exports dipped fractionally more, or 0.9%, even as the recently weaker dollar did little to boost US exports. Notably, the US trade deficit with China was $31.4 billion, followed by the European Union at $10 billion. The trade deficit excluding petroleum stood at $35.82b in March.

Yesterday in an interview with CNBC's Jim Cramer, Apple (AAPL) CEO Tim Cook said the tech giant would be devoting $1 billion to promote "advanced manufacturing" jobs in the United States.

"We're announcing it today. So you're the first person I'm telling," Cook told "Mad Money" host Jim Cramer on Wednesday. "Well, not the first person because we've talked to a company that we're going to invest in already," he said, adding that Apple will announce the first investment later in May. -CNBC

Authored by Alasdair Macleod via The Mises Institute,