Why Trade Deficits Don’t Matter, and Other Knocks to Common Wisdom

Why Trade Deficits Don’t Matter, and Other Knocks to Common Wisdom

Nice job by our friends over at Hard Assets Investor with a great interview of Marc Chandler, who is head of currency strategy at Brown Brothers Harriman.

About 8-minutes in running time, and I’d say definitely worth a watch. Chandler has some interesting (dare I say – contrarian?) views on:
  • Trade deficits – they don’t really matter any more
  • Prosperity in the US is actually increasing, despite what mainstream reports say
  • Socialism vs. Capitalism – the US and Europe are more closely aligned than commonly believed, even before the crisis

I just added Chandler’s book to my reading list – will do a review afterwards in this space.

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