Loading ...I think the central planners created premature increased prosperity, or business activity or economic growth, in many various foreign nations, by depending on the ability of Americans to borrow and spend money, they did not earn yet, on imported products. That “ability” got a lot smaller after 2008. And the results are showing up here and around the world.
It’s pretty simple. The so called new fangled global economy is like the new fangled construction design of the US Trade center buildings. No problem until fires melted the floor boards and they all collapsed. The US Consumer, was and is the “floor boards” of the global economy.
By listening to the days and weeks and months on TV of Trumps ideas and methods to rebuild the US Consumer, makes me think they are in panic mode, or in a big hurry to fatten up the US Consumer. So far “words” and emotion are working in the stock market, but reality is still here.