Brad Setser
speaker
466 appearances
2 recordings
1 series
first heard Nov 2024
last heard Apr 2025
Brad Setser’s voice in public audio — every appearance, attributed to the second.
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So it is just really hard for all the surplus countries to find an alternative source of demand.
The US has really been supplying a lot of demand to the global economy.
But if Trump is determined to close the trade deficit and willing to do so by shrinking the US economy.
And has more or less given up on the idea of growing exports as a way out.
And then I think we're A, we're making history because we are tearing apart something that has grown up organically over 80 years, something that the US actually helped.
It's a it's a trite statement, but it is true.
It's a system the US after World War Two more or less created.
And then the cost of that system in Trump's view, eyes got to be too big.
And so he made a decision.
to radically step away from current trade patterns and trade policies.
I mean, this this is a real break.
It's a much bigger break than just doing a a targeted action against China, which is his term one trade policy.
You know, I I'm I'm not sure it's gonna be bigger than the global financial crisis.
I mean the
I I was unfortunately around then and I remember
You know, the panic in New York when the big institutions were on the edge of going busts and the five percent fall in the US economy and the very, very slow recovery.
You just do normal economic analysis, you maybe get a shock.
Of a third of that size from what we're doing now.
We're not so integrated into the global economy.
We haven't stopped all trade.
Showing 121–140 of 466 · page 7 of 24
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