Why global imbalances matter
They lie at the intersection of almost everything that matters in geoeconomics and geopolitics
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Why global imbalances do matter
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The US decoupling from the global gloom has limits
Total economic and financial insulation is an impossibility
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Economists have been proposing fixes to structural problems created by an international reserve currency since the 1940s
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Trump’s tariffs have not led to the kind of retaliatory action many expected