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Brad Setser
@Brad_SetserA useful fact for all participants in the current debate about the dollar and Trump and the global economy -- US exports of manufactures and agricultural goods (using the SITC data) are back at their levels (v GDP) of the early 1980s -- before much "globalization" 1/
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Brad Setser
@Brad_SetserAnd there is no need for any fancy theory to explain the 10 year US export slump -- the dollar is up by around 30%, and exports are down by around 30% (relative to US GDP). 2/2
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