Quote:
Originally Posted by Paul Markham
So how come debt to GDP has risen?
You're refusing to address why need to borrow so much? Shouldn't the rising wages of the people support the extra needs?
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have you been in coma when we had the financial crisis or why do you ask such silly questions?
and yes it was correct to make debt and push money in the markets but after there should be the time of lowering the debt.
ALL european countries did that - even greece, italy, spain and portugal.
and yes they are still on a high level but decreasing while trump is increasing the US debt to a new high every month.
and all he does is the opposite.
look if you can find the new import price index for US.
professionals already assumed that the import prices will decrease again -1,1% was their
guess. the reality is -1.6%. should the tariffs not make those products more expensive?
yes they do - but this bill have to be paid by the american consumers and not from the chinese.
here you see a very nice effect of trumpīs trade war.
the effect is that the target countries economy will stuck. when the economy stucks the currency of this country falls. when the currency falls the products get cheaper.
and the other effect is that such a country with a low economy and a weak currency will not be able to buy products from US and this is why the exports suffer also.
so all is very logic and predictable by simply using the brain (if there is one)