What if you learnt that expressed in USD (global reserve currency) equivalent, the US is consuming ~35% while producing under 18% of everything that is produced in the world today? Would you think that all recent developments is part of necessary and unavoidable rebalancing of the world economy?
I will add one more here:
Do you think that tariffs on imports would be the right measure to stimulate grows of internal manufacturing and at the same time reduction in external consumption, contributing to a smoother and more natural rebalancing? If not, do you have a better idea what may?
What if you learnt that expressed in USD (global reserve currency) equivalent, the US is consuming ~35% while producing under 18% of everything that is produced in the world today? Would you think that all recent developments is part of necessary and unavoidable rebalancing of the world economy?
