Armando Lara-Millan

The Return of the Real Economy, Part 1

Chinese labor costs started matching the U.S.'s 15 years ago.. war is likely.

Oct 30 • 

Armando Lara-Millan

April 2025

Trump's Tariffs and a Broader Definition of Global Liquidity, Part 3

So how does this help us understand Trump's tariffs?

Apr 16 • 

Armando Lara-Millan

12

5

5

March 2025

The Savings Glut, Trade Wars, and a Broader Definition of Global Liquidity, Part 2

Savings are a minor part of GROSS CAPITAL FLOWS

Mar 20 • 

Armando Lara-Millan

67

4

9

The Savings Glut, Trade Wars, and a Broader Definition of Global Liquidity, Part 1

Contrary to popular belief, U.S. exports are actually up because the dollar has been in long-term decline..

Mar 20 • 

Armando Lara-Millan

23

2

January 2025

LA Wildfires, Deficit Spending, and Inflation

Last month, the Fed signaled they may decrease interest rates fewer times than expected in 2025. The reason they gave? Because they believe “events” may…

Jan 13 • 

Armando Lara-Millan

3

1

1

December 2024

The American Healthcare Spider-Man Meme

health economists losing the plot on Luigi and UHC..

Dec 14, 2024 • 

Armando Lara-Millan

8

4