The Global Factors Holding Back the Reflation Trade

The video discusses the structural issues of debt and demographics, highlighting their impact on global economic growth. It examines the increase in debt since the 2008 financial crisis, particularly in emerging markets like China. The video also explores demographic trends in the US and China, noting their contribution to economic growth. It addresses deflationary trends and the potential shift towards stagflation, influenced by Trump's protectionist policies. The impact of these policies on global trade and productivity is analyzed, drawing parallels to historical events like the Smoot-Hawley Tariff Act.

What was the contribution of demographics to growth in the US during the Reagan era compared to recent years?

Discuss the potential consequences of increasing tariffs under Trump's administration as mentioned in the text.