Oh hell on earth from Krugman, quote from Trump's trade war...

  1. 8,232 Posts.
    Oh hell on earth from Krugman, quote from Trump's trade war https://www.nytimes.com/2018/06/17/opinion/thinking-about-a-trade-war-very-wonkish.html



    Hmm,  2-3% seems a bit optimistic given 70% decline in world trade will have devastating consequences on investment, not to forget all the financial consequences, including wealth effects.
    Here is Dallas Fed' world ex US GDP is trade weighted. The annual rate decline was 8% during GFC. What is the upside from a trade war?

 
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