How trade deficits are making the U.S. poorer, while in the past they have made the U.S. wealthier.Topics covered include:<ul><li>Two ways countries can increase their competitiveness</li><li>How savings always equals investment</li><li>Why excess savings flows to the U.S. leading to a drop in U.S. domestic savings</li><li>Why the U.S. current trade situation could lead to a debt crisis</li></ul> Episode Sponsors<a href="https://netsuite.com/david" rel="noopener noreferrer" target="_blank">NetSuite&nbsp;</a>LinkedIn Jobs –&nbsp;<a href="https://linkedin.com/david" rel="noopener noreferrer" target="_blank">Use this link to post your job for free on LinkedIn Jobs</a>Insiders Guide Email NewsletterGet our&nbsp;<a href="https://moneyfortherestofus.com/insiders-guide/" rel="noopener noreferrer" target="_blank">free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter</a>Our Premium Products<a href="https://assetcamp.com/" rel="noopener noreferrer" target="_blank">Asset Camp</a><a href="https://moneyfortherestofus.com/hub/" rel="noopener noreferrer" target="_blank">Money for the Rest of Us Plus</a>Show Notes<a href="https://carnegieendowment.org/china-financial-markets/2019/02/why-us-debt-must-continue-to-rise?lang=en" rel="noopener noreferrer" target="_blank">Why U.S. Debt Must Continue to Rise by Michael Pettis—Carnegie Endowment</a><a href="https://www.abrdn.com/en-sg/investor/insights-and-research/could-trump-devalue-the-dollar-with-a-mar-a-lago-accord" rel="noopener noreferrer" target="_blank">Could Trump devalue the dollar with a "Mar-a-Lago Accord"? by Paul Diggle and Luke Bartholomew—Aberdeen Investments</a><a href="https://www.hudsonbaycapital.com/documents/FG/hudsonbay/research/638199_A_Users_Guide_to_Restructuring_the_Global_Trading_System.pdf" rel="noopener noreferrer" target="_blank">A User’s Guide to Restructuring the Global Trading System by Stephen Miran—Hudson Bay Capital</a><a href="https://carnegieendowment.org/china-financial-markets/2017/02/is-peter-navarro-wrong-on-trade?lang=en" rel="noopener noreferrer" target="_blank">Is Peter Navarro Wrong on Trade? by Michael Pettis—Carnegie Endowment</a>Related Episodes<a href="https://moneyfortherestofus.com/515-tariffs-and-the-mar-a-lago-accord/" rel="noopener noreferrer" target="_blank">515: Tariffs and the Mar-a-Lago Accord: What Trump Really Wants</a><a href="https://moneyfortherestofus.com/470-how-the-economy-really-works-savings-investing-consuming-and-market-distortions/" rel="noopener noreferrer" target="_blank">470: How the Economy Really Works: Savings, Investing, Consuming and Market Distortions</a><a href="https://moneyfortherestofus.com/mny144-trade-deficits-arent-bad-trade-wars/" rel="noopener noreferrer" target="_blank">144: Trade Deficits Aren’t Always Bad. Trade Wars Are.</a> See Privacy Policy at <a href="https://art19.com/privacy" rel="noopener noreferrer" target="_blank">https://art19.com/privacy</a> and California Privacy Notice at <a href="https://art19.com/privacy#do-not-sell-my-info" rel="noopener noreferrer" target="_blank">https://art19.com/privacy#do-not-sell-my-info</a>.

<description>
 &lt;p&gt;How trade deficits are making the U.S. poorer, while in the past they have made the U.S. wealthier.&lt;/p&gt;&lt;p&gt;Topics covered include:&lt;/p&gt;&lt;ul&gt;&lt;li&gt;Two ways countries can increase their competitiveness&lt;/li&gt;&lt;li&gt;How savings always equals investment&lt;/li&gt;&lt;li&gt;Why excess savings flows to the U.S. leading to a drop in U.S. domestic savings&lt;/li&gt;&lt;li&gt;Why the U.S. current trade situation could lead to a debt crisis&lt;/li&gt;&lt;/ul&gt;&lt;p&gt;&lt;br&gt;&lt;/p&gt;&lt;p&gt;&lt;strong&gt;Episode Sponsors&lt;/strong&gt;&lt;/p&gt;&lt;p&gt;&lt;a href="https://netsuite.com/david" rel="noopener noreferrer" target="_blank"&gt;NetSuite&amp;nbsp;&lt;/a&gt;&lt;/p&gt;&lt;p&gt;LinkedIn Jobs –&amp;nbsp;&lt;a href="https://linkedin.com/david" rel="noopener noreferrer" target="_blank"&gt;Use this link to post your job for free on LinkedIn Jobs&lt;/a&gt;&lt;/p&gt;&lt;p&gt;&lt;strong&gt;Insiders Guide Email Newsletter&lt;/strong&gt;&lt;/p&gt;&lt;p&gt;Get our&amp;nbsp;&lt;a href="https://moneyfortherestofus.com/insiders-guide/" rel="noopener noreferrer" target="_blank"&gt;free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter&lt;/a&gt;&lt;/p&gt;&lt;p&gt;&lt;strong&gt;Our Premium Products&lt;/strong&gt;&lt;/p&gt;&lt;p&gt;&lt;a href="https://assetcamp.com/" rel="noopener noreferrer" target="_blank"&gt;Asset Camp&lt;/a&gt;&lt;/p&gt;&lt;p&gt;&lt;a href="https://moneyfortherestofus.com/hub/" rel="noopener noreferrer" target="_blank"&gt;Money for the Rest of Us Plus&lt;/a&gt;&lt;/p&gt;&lt;p&gt;&lt;strong&gt;Show Notes&lt;/strong&gt;&lt;/p&gt;&lt;p&gt;&lt;a href="https://carnegieendowment.org/china-financial-markets/2019/02/why-us-debt-must-continue-to-rise?lang=en" rel="noopener noreferrer" target="_blank"&gt;Why U.S. Debt Must Continue to Rise by Michael Pettis—Carnegie Endowment&lt;/a&gt;&lt;/p&gt;&lt;p&gt;&lt;a href="https://www.abrdn.com/en-sg/investor/insights-and-research/could-trump-devalue-the-dollar-with-a-mar-a-lago-accord" rel="noopener noreferrer" target="_blank"&gt;Could Trump devalue the dollar with a "Mar-a-Lago Accord"? by Paul Diggle and Luke Bartholomew—Aberdeen Investments&lt;/a&gt;&lt;/p&gt;&lt;p&gt;&lt;a href="https://www.hudsonbaycapital.com/documents/FG/hudsonbay/research/638199_A_Users_Guide_to_Restructuring_the_Global_Trading_System.pdf" rel="noopener noreferrer" target="_blank"&gt;A User’s Guide to Restructuring the Global Trading System by Stephen Miran—Hudson Bay Capital&lt;/a&gt;&lt;/p&gt;&lt;p&gt;&lt;a href="https://carnegieendowment.org/china-financial-markets/2017/02/is-peter-navarro-wrong-on-trade?lang=en" rel="noopener noreferrer" target="_blank"&gt;Is Peter Navarro Wrong on Trade? by Michael Pettis—Carnegie Endowment&lt;/a&gt;&lt;/p&gt;&lt;p&gt;&lt;strong&gt;Related Episodes&lt;/strong&gt;&lt;/p&gt;&lt;p&gt;&lt;a href="https://moneyfortherestofus.com/515-tariffs-and-the-mar-a-lago-accord/" rel="noopener noreferrer" target="_blank"&gt;515: Tariffs and the Mar-a-Lago Accord: What Trump Really Wants&lt;/a&gt;&lt;/p&gt;&lt;p&gt;&lt;a href="https://moneyfortherestofus.com/470-how-the-economy-really-works-savings-investing-consuming-and-market-distortions/" rel="noopener noreferrer" target="_blank"&gt;470: How the Economy Really Works: Savings, Investing, Consuming and Market Distortions&lt;/a&gt;&lt;/p&gt;&lt;p&gt;&lt;a href="https://moneyfortherestofus.com/mny144-trade-deficits-arent-bad-trade-wars/" rel="noopener noreferrer" target="_blank"&gt;144: Trade Deficits Aren’t Always Bad. Trade Wars Are.&lt;/a&gt;&lt;/p&gt;&lt;p&gt;&lt;br&gt;&lt;/p&gt;&lt;p&gt;See Privacy Policy at &lt;a href="https://art19.com/privacy" rel="noopener noreferrer" target="_blank"&gt;https://art19.com/privacy&lt;/a&gt; and California Privacy Notice at &lt;a href="https://art19.com/privacy#do-not-sell-my-info" rel="noopener noreferrer" target="_blank"&gt;https://art19.com/privacy#do-not-sell-my-info&lt;/a&gt;.&lt;/p&gt;
 </description>

How trade deficits are making the U.S. poorer, while in the past they have made the U.S. wealthier.

Topics covered include:Two ways countries can increase their competitivenessHow savings always equals investmentWhy excess savings flows to the U.S. leading to a drop in U.S. domestic savingsWhy the U.S. current trade situation could lead to a debt crisis


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Show Notes

Why U.S. Debt Must Continue to Rise by Michael Pettis—Carnegie Endowment

Could Trump devalue the dollar with a "Mar-a-Lago Accord"? by Paul Diggle and Luke Bartholomew—Aberdeen Investments

A User’s Guide to Restructuring the Global Trading System by Stephen Miran—Hudson Bay Capital

Is Peter Navarro Wrong on Trade? by Michael Pettis—Carnegie Endowment

Related Episodes

515: Tariffs and the Mar-a-Lago Accord: What Trump Really Wants

470: How the Economy Really Works: Savings, Investing, Consuming and Market Distortions

144: Trade Deficits Aren’t Always Bad. Trade Wars Are.




See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Money For the Rest of Us

What Trump Wants Part 2 - How Trade Deficits and Capital Flows Can Harm or Help Countries

What Trump Wants Part 2 - How Trade Deficits and Capital Flows Can Harm or Help Countries

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