Author Topic: The GOP tax plan is a multibillion-dollar gift to China and Germany  (Read 19 times)

Q13.1

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An interesting commentary emanating from the fake news broadcaster CNBC, itself known for upselling us markets etc prior to the crisis.
For them to be saying this, even thoough it may be an op ed piece is unprecedented in all my time of watching this GOP loving broadcaster:

https://www.cnbc.com/2017/12/03/gop-tax-plan-is-a-gift-to-china-japan-and-germany--commentary.html

The GOP tax plan is a multibillion-dollar gift to China and Germany

    A fiscal stimulus with easy money and a growing economy is an unwise policy mix
    America's stimulus overload will leak out through trade accounts
    Expect downward pressures on the dollar and U.S. financial markets
    Rising economic and political frictions with key trade partners are inevitable

     "Sadly, the whole thing looks like a prelude to a financial crisis and an economic downturn that could relegate America to long, long years of economic stagnation and serious security challenges." -Michael Ivanovitch




« Last Edit: December 04, 2017, 12:40:01 PM by Q13.1 »