Loading ...By the things the unknown says, to me he is a biased pro global globalist, and or he did not put enough thought into the subject. He sounds like he’s from CNBC or Bloomberg, going against the new world situation.
The USA has nothing to lose, because the USA already lost everything, resulting in the 2008 crash, that took down the whole global economy down until TPTB bailed everything out with artificial means, and gave the USA a $20 trillion national debt.
This country has gone thru numerous big problems for decades WITHOUT a trade war, so logic would suggest that a trade war would be an improvement for future decades. Only the transition from bad to good would be the temporary PAIN, like being half dead after bypass operation or cold turkey breaking a heroin habit..
re “his” part:
“a trade war is probably more dangerous for investors at this time than at any other time in recent history”
Comment:
He forgot to say which investors “he” talking about? If everything is reversing, then those who did well, will do worse, and those who did poorly will do better. That’s where the focus should be.
For starters, global multi national corporations did very well for decades doing as they please, so they should be less well off, contract. Who did poorly? How about savers and producers? They always get punished MOST of the time, but get a “bone” thrown to them occasionally to stay alive.
The last bone the savers got was higher CD rates of 18% back around 1980. The producers got a couple of bones thrown to them when they had the US dollar at 72 on the index. Short lived higher metal, food and energy profits leading to over production, and back to lower prices again.