Economist David Rosenberg disagrees with Trump claim that the world is ripping off the US. US trade deficits reflect the fact that US spends more and saves less of income than any other country. Deficits aren't because US is too generous to the world. But rather that US culture of overspending is the root cause of deficits.
Economists consider proposed DOGE $5000 tax refund absurd for several reasons. First. any savings would be needed to pay for promised tax cuts. Secondly, wholesale firings won't make government more efficient. Instead line-ups for services would be longer, maintenance deferred, more mistakes made by overworked employees and harder to hire new people if they think jobs aren't secure. Third, unnecessary to increase federal deficits to boost strong economy inherited from Biden. Fourth, risk of federal reserve increasing interest rate.
July 2024
buckle up buttercups. short term pain coming for long term gain.
my 
is ready
Agree with Rosenberg. The racist/CONVICTED FELON is a moron.
and consumer confidence in rumps fourth Reich is seriously wobbling
Dow closes more than 700 points lower and the S&P 500 is on track for its worst quarter since 2022
CNN —
On-again, off-again tariffs, mass government layoffs, funding cuts and immigration crackdowns have seriously spooked Wall Street, which is emphatically rejecting President Donald Trump’s chaotic economic agenda.
The market that embraced Trump for most of his first term and in the lead-up to his second has turned on the president.
The S&P 500 is down more than 5% this year [under trump regime and all due to trump, personally]
The benchmark index is on track for its worst quarter since September 2022.
HEADLINES today . . .
Powell warns on Trump’s tariffs:
High inflation could be here to stay
Washington CNN —
Inflation is likely to pick up because of Trump’s s
weeping tariffs, and could remain elevated,
Federal Reserve Chair Jerome Powell said Friday. 
“We face a highly uncertain outlook with
elevated risks of both higher unemployment
and higher inflation,” he said.
“While tariffs are highly likely to generate at least
a temporary rise in inflation, it is also possible
that the effects could be more persistent.” 
Economist Jeremy Siegel says Trump tariffs plan is the worst economic policy in almost 100 years. Now U.S. has the highest overall tariffs of any country. Apparently, Trump didn't learn tariffs were blamed for worsening the great depression. Those who fail to learn from history are doomed to repeat it.
Its amazing how 1 career criminal con artist, failed businessman with a pea sized brain could inflict so much damage to our country in such a short amount of time.
Looks like the magas are gonna ride the captains ship all the way to the bottom of the ocean.
USA was a big part of the creation of the global trade economy and now 1 man has devastated it.
Established in 1995,
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