> Where a trade deficit does become a problem is when 1) it’s persistent and 2) it’s mainly going toward overconsumption or malinvestment. When both of these conditions are met, the trade deficit is likely to result in significant imbalances, and risks an eventual currency crisis or other economic problem that forces the trade imbalance closed.
It is stated in the tone of “as every 3rd grader knows…” but I don’t believe this is a “mainstream” economic position these days, is it?
> Tariffs were escalated very quickly to unsustainable levels,
Leaves off who, exactly, raised those tariffs. Tariffs are not forces of nature. Someone raided them.
Most investment managers go against the flow in the some way, that's what "alpha" is all about. If you want average returns, buy Vanguard ETFs and just track the market.
