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Reply to "Global econ alliances?"
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[quote=Anonymous]No country in the world of economic importance is capable of or has the political fortitude to run perpetual deficits. Full stop. That’s the rub and why Trump has leverage. This doesn’t mean that Trump will win, but economic alliances to date have been sustained by America’s willingness to run trade deficits and kill off our manufacturing base in exchange for all the benefits and influence of of being the world’s reserve currency. The idea that a bunch of countries who have built their economies on trade surpluses are now going to be okay with more balanced trade or be willing to run perpetual trade deficits is pure fantasy. The probable outcome of all of this from Trump is that nobody wins. [/quote]
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