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Reading Jeff Snider: The Wage/Economy Illusion [Ep. 162, Macropiece Theater]
China's imports of iron value is soaring, which signals a booming economy. A closer look reveals that it is iron prices which are soaring but volume - the real stuff, the real goods - is falling. What does that signal? That the world has fallen for an "booming economy" illusion. A reading, by Emil Kalinowski.
----------WHO----------
Jeff Snider of Alhambra Investments. Read by Emil Kalinowski. Art by David Parkins. Intro/outro is "Alegro" by TAGE at Epidemic Sound.
----------WHAT----------
The Wage/Economy Illusion: https://bit.ly/3ngQ7jz
----------WHERE----------
Jeff's Alhambra Blog…
The skinny
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