A Money ILLUSION Shows Japan is Booming [Eurodollar University, Ep. 232]
In 1928 American economist Irving Fischer published a book titled "The Money Illusion" in which he explained the difference between nominal numbers (Japan's exports are booming! Imports are surging!) and inflation-adjusted, real numbers (Japan's exports are falling! Imports are stagnating!).
----EP. 232 REFERENCES----
What We Can Learn From Japan About the Real Economic Risks to the World: https://bit.ly/3sn7y45
Alhambra Investments Blog: https://bit.ly/2VIC2wWlin
RealClear Markets Essays: https://bit.ly/38tL5a7
Epoch Times Columns: https://bit.ly/39ESkRf
Jeff Snider, Head of Global Investment Research for Alhambra Investments. Master of ceremonies, Emil Kalinowski. Illustrations by David Parkins. Audio and video editor, Terence. Episode intro/outro music is "Timeless Clouds" by Luwaks.
------FIND THE TEAM-------
"Timeless Clouds": https://www.epidemicsound.com/track/faCAnWtBPc/
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