On Adam Tooze Talking Down Global Imbalances

In his newsletter, Chartbook, in a recent post Chartbook 442: Global imbalances – A new cocktail in old bottles: World Economy April 2026:, Adam Tooze discusses global imbalances but seems dismissive of the problem. For some, the continuing accumulation of US sovereign liabilities is a worry. It is true that the US Treasury borrows at rates [ ]