The world economy will adjust. Global trade is perfectly possible without the US. May be useful to set aside the idea that the US is needed as a central element.
Doesn’t combining global imports and exports (which are the same transactions) result in an overstatement (ie doubling) of the importance of global trade in the aggregate global economy? Even so, the observations of Mr. Roach still hold true. Please advise.
Pushing Europe to the edge of a precipice may seem like a brilliant tactical move. But strategically? Some signals are already visible: after a decade of persisting underperformance, European equities have significantly outperformed U.S. stocks since the beginning of 2025. The Euro is soaring against the Dollar. The gap to be filled is still huge. But international investors are astute; they understand long-term dynamics. They move real money, not dumb
The world economy will adjust. Global trade is perfectly possible without the US. May be useful to set aside the idea that the US is needed as a central element.
Doesn’t combining global imports and exports (which are the same transactions) result in an overstatement (ie doubling) of the importance of global trade in the aggregate global economy? Even so, the observations of Mr. Roach still hold true. Please advise.
Pushing Europe to the edge of a precipice may seem like a brilliant tactical move. But strategically? Some signals are already visible: after a decade of persisting underperformance, European equities have significantly outperformed U.S. stocks since the beginning of 2025. The Euro is soaring against the Dollar. The gap to be filled is still huge. But international investors are astute; they understand long-term dynamics. They move real money, not dumb