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Olivier Blanchard x.com
I realize I did not give the link to the full paper on ratings, debt and deficits. Here it is:
The the words it uses that this site has seen least often elsewhere. Posts are matched on those words alone — nothing here is a summary of this one.
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19 September
7 September
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Their words
Crude economic factors don’t explain the fascist shift in Germany. And Trumponomics, even if it worked (which it doesn’t) wouldn’t end the resentment feeding our own authoritarian movement.
Neo-Nazis and the Impotence of Trumponomicspaulkrugman.substack.com
13 August 2025
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Their words
The trade deficits have widened since Trump, right? They haven’t closed the imbalance with China and with the rest of the world because ultimately the US saves less than it invests. And that’s a macrophenomenon. It’s not a trade phenomenon
29 April 2025
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korrents.com
The US-China trade imbalance is driven mainly by capital flows, not tariffs or trade deficits.Their words
Tariffs and trade deficits are a distraction from the deeper source of the US-China current account imbalance, namely capital flows.
7 April 2025
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Their words
Persistent U.S. trade deficits are an epiphenomenal mirror to our persistent capital account surpluses, which are in turn downstream of the beggar-thy-neighbor industrial policies of countries like China and Germany.
8 January 2025
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