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Tag Archives: trade war
Trade Reversal: If Not Now, When?
by Michael Pettis Europe’s underlying problem is not budget deficits or even unsustainable debt. These are mainly symptoms. The real problem with Europe is the huge divergence in costs between the core and the periphery – in the past decade … Continue reading
Posted in China, Eurozone, Trade Data
Tagged capital flows, China, current account balance, debt, domestic consumption, Germany, michael pettis, trade balance, trade deficit, trade surplus, trade war
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Currency Wars and Trade Woes but China Marches On
Every country is attempting to gain a larger share of weak global demand, or at least to protect its share against predatory tactics elsewhere. Countries that can intervene in their currencies will do so, Continue reading
Posted in China, Eurozone, International Economic data
Tagged Brazil, China, currencies, currency war, GDP, trade, trade war
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