The list of countries with the largest trade surplus with the United States is led by China, which exports $375billion more than it imports. It is followed, very far away, by Mexico ($ 71 bn), Japan (69bn), Germany (65bn), Vietnam (38bn), Ireland (38bn) and Italy (31bn). Continue reading G7 Highlights Hidden Barriers to Trade
Category Archives: On the cover
Face It, Nordic Countries Are Not Socialist
One of the most common fallacies of the new populists is to say that their model is the “Nordic” one and that those countries are successful examples of how “socialism works”. When I mentioned it to the Finnish Finance Minister Petteri Orpo at a recent ECR dinner, he could not believe it. Continue reading Face It, Nordic Countries Are Not Socialist
After Italy… Spain Risk Soars
Originally Published by Hedgeye here.
Political risk in Europe was largely ignored in international markets because of the mirage of the so-called “Macron effect”. The ECB’s massive quantitative easing program and a perception that everything was different this time in Europe added to the illusion of growth and stability. Continue reading After Italy… Spain Risk Soars
Turkish Lira Decline a ‘Symptom’ of EM Fiscal Imbalances (Bloomberg TV)
Watch the full video here.
In this interview we comment on the risks of emerging markets, rising imbalances, and a consensus bet on a weak US dollar and low rates that has led to large fiscal and, in some cases, trade deficits. Continue reading Turkish Lira Decline a ‘Symptom’ of EM Fiscal Imbalances (Bloomberg TV)