On CNBC, Steve Mnuchin said that given a Covid weakened economy now is not the time to worry about deficits. But before Covid when the economy was supposedly booming, he was not worried about the deficits either.
In other words, it's never the time to worry about the deficits.
Sep 15, 2020
Sep 11, 2020
Stock Market Correction
Those hoping that a normal stock market correction will create a buying opportunity don't understand the market. A normal correction is much too small to create any real value in stocks. The only opportunity is reckless Fed policy making over-priced stocks even more expensive.
Greenspan Is Worried About Inflation
Alan Greenspan told CNBC his primary economic concern is inflation. That's in sharp contrast to the view of the current Fed Chairman. Powell is worried inflation is too low while Greenspan is worried it's too high. If Greenspan is correct Powell's policy will end in disaster.
Sep 8, 2020
More QE will Only Weaken The economy
Chicago Federal Reserve President Charles Evans claims more QE is on the way to help the economy. The problem is the only things QE has helped prop up are asset prices, excessive debt, consumption, and government spending.
More QE will weaken the economy further and exacerbate the collapse!
We Are Losing The War On Trade
The U.S. trade deficit "unexpectedly" surged 18.9 percent in July to $63.6B from an upwardly revised $53.5B in June. This is the widest trade deficit since 2008, so its larger than any monthly trade deficit under Obama. Donald Trump promised to win on trade. We're losing big-league.
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