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A User’s Guide to Restructuring the Global Trading System
The essay explores potential reforms to the global trading system, focusing on tariffs, currency policies, and their economic implications, particularly concerning American manufacturing, trade balances, and national security.
hudsonbaycapital.com
Howard Marks just went on Bloomberg to share his views on Liberation Day.
Here are his insights on its economic impact and why he thinks US is still the best investment destination.
A thread 🧵 https://t.co/tqvDLGYwjJ
That Used to Be Us: How America Fell Behind in the World It Invented and How We Can Come Back
amazon.com
My current best view:
Trump lets tariff reactions play out for a few weeks. Sees the trend of capitulations and is emboldened to keep going. He fields offers from everyone. Negotiates with no one.
Then brings everyone to MaL in a month or two and puts an offer on the table: Bretton Woods... See more
Chamath Palihapitiyax.comThe Straussian Moment
gwern.netThis is actually an extraordinary admission to make for a US Vice President https://t.co/VXRNYuVFdc
Vance explains that "the idea of globalization was that rich countries would move further up the value chain while the poor countries made the simpler things."
But he laments that it didn't... See more
Arnaud Bertrandx.comI outlined three enormous challenges for the Digital Age: rising inequality, massive environmental degradation, and the risks arising from major geopolitical change. These daunting challenges could overload our political institutions and provoke a devastating conflict. Such has been the pattern of the past. Surely the prime task of our age is to
... See more