Because, some times negative indicators are nothing more than relentless economic sabotage by people who want to remove Trump by any means necessary
Excellent, well written and easy to gasp even for n economic novice.
The Red-Eye radio guys (gary & eric) do this. They claim they’re conservatives but never miss an opportunity to blame things on Trump.
Bookmark
That was a pretty good read.
Nails It – Economic Analyst El-Erian: The Era of “De-Globalization” is Here!
The Conservative Treehouse ^ | 08/16/2019 | Sundance
Posted on 8/16/2019, 10:58:42 AM by SeekAndFind
Finally, an economic analyst gets prime-time media pundits to listen as he describes the fundamental difference between the U.S. “Economy” (Main Street) and the U.S. “Markets” (Wall Street). Charles Payne understands most of this, but El-Erian has it nailed.
Allianz Group chief economic advisor, Mohamed El-Erian, accurately describes what is happening in an era where deglobalization is taking place. The U.S. economy is strong; however, the multinationals on Wall Street -invested overseas- are exposed. Thus there’s a disconnect and accompanying market volatility.
There is nothing that China and the EU can do to stop the de-globalization process; and efforts to stimulate their economy, more quantitative easing (pumping money) while the global supply chains are being shifted, are futile.
The more a nations’ economy is dependent on exports, the more exposure they have to the inherent downsides of de-globalization. U.S. companies that are invested in these nations will lose their investment over time; some rapidly. This will keep the stock market volatile, yet the Main Street USA economy is thriving.
President Donald Trump has purposefully stalled the process of globalization, and is resetting global supply chains. This is bringing massive amounts of wealth back into the United States.
In essence Titan Trump is engaged in a process of: (a) repatriating wealth (trade policy); (b) blocking exfiltration (main street policy); (c) creating new and modern economic alliances based on reciprocity (bilateral deals); and (d) dismantling the post WWII Marshall plan of global trade and one-way tariffs (de-globalization).
http://freerepublic.com/focus/f-news/3772287/posts
There are indeed many more things than trade wars holding back economic growth, such as: environmental extremism; a rotten educational system: immigrants who are unproductive due to lack of skills and ability to speak good English; a legal system that plunders productive people and investments; continued tax discrimination against savings and investment; restrictive land use controls; and job-destroying minimum wage laws. Trump needs to be talking about these drags on growth, rather than blaming it all on the Fed and the Chinese.