"Upstream" with Erik Torenberg cover image

E46: Lyn Alden on How Money Works

"Upstream" with Erik Torenberg

00:00

Understanding Structural Trade Deficits and its Consequences

This chapter explores the structural trade deficits faced by the United States and the resulting wealth concentration and polarization within the country. It discusses the net international investment position, the lopsided ownership of American assets by foreign entities, and the shifts in ownership since the global financial crisis. The chapter also touches on the challenges of reshoring, the impact of trade deficits on rebalancing, and the prediction of higher inflation due to the high debt to GDP ratio.

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