@michaelpettis.bsky.social on Bluesky

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Michael Pettis

michaelpettis.bsky.social

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1/10 "“The US trade deficit is a sign of strength of America because it can only prosper with the dollar,” said former WTO chief Pascal Lamy." In fact the idea that the US can "only prosper" with the dollar is near-total nonsense. https://www.bloomberg.com/news/articles/2024-11-11/ex-wto-chief-lamy-says-us-should-view-trade-deficit-as-strength

2024-11-12T07:09:56.808Z