#29: Louis-Vincent Gave On Staying One Step Ahead Of The Markets
Superinvestors and the Art of Worldly Wisdom
The US's Comparative Advantage
The US has the world's reserve currency, which means that when a crisis comes like 2008, the US can run massive twin deficits. Some countries don't feel like dealing with the tyranny of the US dollar anymore and are looking for alternatives. And as they do, you know, for now the US has this huge comparative advantage.
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