Bump!
It’s not firing on all cylinders, its firing on 2 out of eight. It picked up one cylinder from Trump eliminating a fraction of the moronic regulation the government squeezes us with. Give Trump a few more years, and or a little cooperation and he may get it firing on 3 or 4.
Force the government handouts out of colleges so they actually have to produce something other than violent snowflakes for six figure salaries and we might have more than a half assed economy in the future.
This includes bringing over millions of foreigners over to educate them in our universities.
From the article: Unfettered access to American markets – combined with predatory trade practices – allowed China to grow an economy only one-tenth the size of America’s to one nearly two-thirds as large.
Since when is $9trl 2/3 of $21trl?
And if the US is growing by 4% it is already outpacing China at 6.5%.
Just saying.
In 2017 China ran the largest trade surplus ever recorded, with America.
In 2018, the Chinese surplus, is increasing even further.
I don’t know how you explain that in your English, but around here that is known as getting your clock cleaned.
China is clobbering America.
Big time. Has been for over one entire generation.
Trump (may) do something about that. He said he would. He has talked a good game anyway. But EVERYONE has been sold out now, for a very, very long time now.
In both political parties.
For a long, long time.
Don’t believe what I am saying? See for yourselves:
https://census.gov/foreign-trade/balance/c5700.html
Their bond market is tanking. They have a national debt of 300% of GDP. The real estate bubble has to burst eventually. Its been known to be a bubble for at least a couple years now. When you have entire “ghost cities” that sit practically empty, you know there’s got to be a ton of bad debts that will never be repaid. Our housing bubble was bad. Theirs is far worse.
Add to that a rapidly aging population due to the one child policy and I don’t see China sailing along with high growth rates perpetually like some have predicted.
China wasn't "allowed" to grow in an indigenous sense. OTC we gave them(off shored) an industrial economy on a silver platter at the expanse of US industry.
Businesses Media is incompetent and corrupt.