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But we saved everything 🙂.
Scott Lincicome highlights that the U.S. goods-trade gap has unexpectedly widened to its largest level since 2025.
The author implies this development was not genuinely surprising, despite how it has been reported.
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Lincicome has previously discussed major macro trends, including the global bond selloff that drove yields to their highest levels since 2008. He also noted that predictions of China surpassing the U.S. economy have faded as China’s outlook has changed. These earlier observations provide context for his recent comments on the U.S. goods-trade gap.