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Michael Pettis @michaelpettis.bsky.social

15/16 But it must nonetheless have an impact on the structure of the US economy, in which case we (and the British and the Canadians) really should be discussing the various other ways in which an economy can adjust to massive, unwanted net capital inflows.

aug 31, 2025, 12:08 pm • 8 0

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Michael Pettis @michaelpettis.bsky.social

16/16 It is strange that the Trump administration is screaming that it wants a strong dollar because it is good for the US economy, and Trump's fiercest critics are screaming that Trump's policies will undermine the strong dollar, and that this will hurt the US economy. Confusion is bipartisan.

aug 31, 2025, 12:08 pm • 11 1 • view
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smallbusiness.bsky.social @smallbusiness.bsky.social

I was under the impression that the Trump Administration had sent mixed messages about the desired relative strength of the dollar.

aug 31, 2025, 5:29 pm • 0 0 • view