Posted on 09/02/2019 4:28:18 AM PDT by Eleutheria5
.....
Speaking at the conference, Fischer said: "The problem with Trump's approach to trade is that he doesn't understand trade. Trump only understands if somebody wins and somebody loses. Both sides profit if they have a head on them and they know how to conduct negotiations."
"I understand that Trump is an expert on this," he added. Fischer also mentioned the book "The Art of the Deal," authored by Trump or someone who wrote it "in his name."
"That's not what happens in international trade," Fischer said about the book. "Trump....simply does not understand, and if he does understand then he has successfully concealed the fact."
Though the global economy has recovered since World War II, Fischer believes that "almost every day" the US takes steps to "weaken the global economy."
Slamming the economic wars between China and the US as "virtually insufferable," he warned that the situation is constantly "deteriorating" and that the situation is "very serious" and "causing much damage" to the "economy of countries."
Returning to his Trump-bashing, Fischer claimed: "I am almost certain that if Trump had not intervened, the Fed would not have raised the interest rate."
According to him, "Trump provoked them [the Feds] into asking" how they could prove that they were not his followers.
This attitude, he said, is "a large part of our problem." He added: "The Fed is a professional place with excellent economists."
(Excerpt) Read more at israelnationalnews.com ...
He's practicing more of the usual leftist "heads I win tails you lose" nonsense (ironically enough). He's probably dumped all over the "rising tide lifts all boats" analogy as well. He's just full of ****. Thanks Eleutheria5.
All you have to do is come up with one. You’re asking me to analyze every deal that’s every been made from the beginning of time and prove inequity in each and every one.
A monumentally inane request on it’s face.
Common sense is enough to prove my point and rocket science is not required.
“Win win” is a perception, not a reality.
I say kudos to Trump.
He’s not going to let anyone in on his secrets to business success.......and why should he?
China has been winning, and America has been losing. Trump is trying to rectify that.
“The Fed is a professional place with excellent economists.”
The Easter bunny could do a better job managing monetary policy.
Yuh. Which proves he’s a racist—I’m sorry, white supremacist./s
Not really. Trump wants to get to zero tariffs. Everybody wins.
This “Fischer” dude doesn’t understand that Trump loves if all parties win - he also understands that if the table has been tilted for a long time, one side will have to be inconvenienced to get to the point where everyone profits...if they refuse that, then it become a “have it your way, we’re gonna wind and you’re gonna lose....bigly” situation...
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