Trade Policy Isn't Driving China’s Trade Surplus | Matthew Klein

Trade Policy Isn't Driving China’s Trade Surplus | Matthew Klein

Matthew Klein, founder of The Overshoot and UN/BALANCED and co-author of Trade Wars Are Class Wars with Michael Pettis joins Monetary Matters to discuss what factors really lead to major trade and capital flow imbalances between countries. He argues that factors like income inequality, domestic economic policy and decisions being made at the corporate level can have far more impact than country level trade policy. He also discusses why even though extreme trade and capital flow imbalances may be dangerous, implementing improper solutions can exacerbate the damage. Follow Matthew Klein on Twitter: https://x.com/M_C_Klein Follow Jack Farley on Twitter https://x.com/JackFarley96 Read Matthews Substack The Overshoot here: https://theovershoot.co/ Follow Monetary Matters on: Apple Podcast https://rb.gy/s5qfyh Spotify https://rb.gy/x56dx5 YouTube https://rb.gy/dpwxez Timestamps: 00:00 Intro 00:52 Why Trade Wars Are Class Wars 12:13 Trade Surpluses vs Trade Deficits 18:51 Income Distribution Drives Capital Flows 28:28 China's Shifting Income Distribution 33:41 The Problem With China's Growing Trade and Current Account Surplus 41:51 Who is Winning in China? 44:04 How to Combat China's "Cheating on Trade" 49:25 Who Has the Upper Hand in Trade Negotiations? 54:05 Will Tariffs Drive Reshoring? 59:53 How Can the US Restore Balance of Trade? 01:08:29 Conclusions

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The Oil Market Has A Big Problem | Paul Sankey

The Oil Market Has A Big Problem | Paul Sankey

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Harley Bassman: Bonds Are Fully Cooked Without an Imminent Recession

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Harley Bassman, managing partner at Simplify Asset Management, outlines his favorite trades right now and explains why he thinks bonds are fully cooked without an imminent recession. He argues that se...

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China’s central bank just shocked markets with several impressive sounding stimulus measures, causing the biggest one-week rally in Chinese stocks since 2008. But how effective is this stimulus actual...

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Danielle DiMartino Booth: The Fed Is Still Behind The Curve

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Teucrium’s US Agriculture ETFs provide exposure to commodities like corn, wheat, soybeans, and sugar in a convenient size and ETF wrapper, right in your traditional brokerage account. Learn more at ht...

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Joseph Wang: Fed Interest Rate Cuts Could Hurt The Stock Market

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Introducing... Monetary Matters

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