Post by Michael Pettis: 1/5 Good thread by Brad Setser on trade imbalances. He notes that the rising surpluses of East Asia a...

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Michael Pettis @michaelxpettis · Jan 10, 2023

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1/5 Good thread by Brad Setser on trade imbalances. He notes that the rising surpluses of East Asia and the main oil exporters are almost perfectly aligned with the rising deficit of the US (and a few smaller ones).

Tweet Jan 9, 2023

The global balance of payments has to add up (at least in theory). But it it is still surprising how well the surplus of East Asia and main oil exporters lines up with the deficits of the US and few others -- (excluding the EU actually makes ev

by Brad Setser

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