WORDS:
https://fortune.com/longform/trump-p...ns-us-economy/
CHARTS:
Truth forever on the scaffold, Wrong forever on the throne,--
Yet that scaffold sways the future, and, behind the dim unknown,
Standeth God within the shadow, keeping watch above his own.
Why the Fed is bad for business.
And why globalism is bad for business.
Never attempt to teach a pig to sing; it wastes your time and annoys the pig.
Robert Heinlein
Give a man an inch and right away he thinks he's a ruler
Groucho Marx
I love mankind…it’s people I can’t stand.
Linus, from the Peanuts comic
You cannot have liberty without morality and morality without faith
Alexis de Torqueville
Those who fail to learn from the past are condemned to repeat it.
Those who learn from the past are condemned to watch everybody else repeat it
A Zero Hedge comment
Whatever the ultimate result of the trade war, this regime uncertainty is devastating.
No one's making major geography-linked investments until they know where they can manufacture at the lowest cost.
China?
Vietnam?
India?
Who the hell knows at this point?
...and no, it's not likely to be the US in any case.
Business hates uncertainty- and Trump Trade wars have greatly increased uncertainty. That leads companies to invest less in the future and hire fewer new workers. That does not include the higher costs some companies face due to tariffs on goods/ inputs they buy from outside the US.
See also Robert Higgs "Regime Uncertainty"Originally Posted by Zippyjuan
https://www.independent.org/publicat...cle.asp?id=430
Truth forever on the scaffold, Wrong forever on the throne,--
Yet that scaffold sways the future, and, behind the dim unknown,
Standeth God within the shadow, keeping watch above his own.
I would argue that we'd already be in a severe recession if Hillary were elected. But Trump gave us false optimism and has allowed the debt bubble to grow bigger than ever. It would've been better if Hillary was elected. The economy would've crashed but at least we'd have a chance to elect an actual free market president and have a real recovery. Now the crash is going to be falsely blamed on free market capitalism despite the fact that Trump is moving us towards socialism at a rapid pace. Hillary may have given us Rand Paul. Now Trump is going to give us Elizabeth Warren.
Hitlery would have completed the destruction of America and we would never see anyone but a communist in office again.
Trump is repairing the economy even if it causes a little short term pain, Warren will not follow him.
Never attempt to teach a pig to sing; it wastes your time and annoys the pig.
Robert Heinlein
Give a man an inch and right away he thinks he's a ruler
Groucho Marx
I love mankind…it’s people I can’t stand.
Linus, from the Peanuts comic
You cannot have liberty without morality and morality without faith
Alexis de Torqueville
Those who fail to learn from the past are condemned to repeat it.
Those who learn from the past are condemned to watch everybody else repeat it
A Zero Hedge comment
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