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LS's avatar

Thanks for your post. You write “ Therefore, when foreigners use their dollars to buy more US stocks or bonds, it automatically reduces US net exports of goods and services“. Without a currency adjustment, what’s the “ automatic “ mechanism that reduces US net exports?

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Arno Schäfer's avatar

Very interesting thoughts Michael -thanks for sharing. I stumbled upon your post just recently. Now if I compare the global tariff war the Trump administration started to your insights that both Vance and Bessent know better -how does this obvious contradiction resolve? Did they got overruled by some other tariff hardliners in the government or is this a sort of bluff to force trade partners at the table for such a Mar-A-Lago-accord?

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