The fallacy of seeking to reduce the U.S. trade deficit without raising U.S. savings rates.
Canada will always be at risk of being used as a proxy as the U.S. manages internal and external conflicts.
What makes this particular market correction so spooky is that, unlike in 2008, no single reason has yet been identified as causing the downturn.
How is Europe impacted by transatlantic and U.S.-Chinese trade tensions and by trade with China itself?
The U.S. current account deficit has widened to a degree that few had thought possible. Under Trump, it could become an explosive device for the world financial system.
Solutions exist for Trump to address the U.S. trade deficit effectively. But he will never implement them.
In the tit-for-tat retaliation gaming with the United States over imposing tariffs, China is at a disadvantage.
Far from strengthening the U.S. economy, Trump’s punitive tariffs destroy global supply chains.