China announces a record trade surplus

Media reports surplus as bad news for China

Because of the strength of the Yuan, Chinese can buy more imports for less

Chinese consumers purchasing more

Chinese businesses manufacturing more

Contrary to press reports these factors point to a strong economy in China

U.S. has record deficits along with a strong dollar

The short term effect of a strong currency is that trade deficits should go down because imports are cheaper

The fact that our trade deficit continues to rise illustrates underlying economic weakness

Media double standard: China trade surplus is bad but U.S. trade deficit is good

Media reports "low rate of unemployment" among college grads, however:

Record number of college graduates are under employed

Only 44% of employed Americans work 30 hours or more per week

In future, the smarter students will skip low-value degrees in favor of work experience

Shake Shack IPO valuation $1.5 billion on $5 million profits

Grilled Cheese Truck: valued at $100 million on negative revenues

Black is white and white is black: Twilight Zone