Treasuries Rise After Trump Renews Threat of China Trade War
By
Anyone laboring under the misconception that our situation can be remedied by the current administration is suffering a serious case of delusion. Any and Every mis-step possible will be taken. Failure to increase testing simply because it is an admission that testing hasn't been adequate. Failure to track the virus because that would be and admission that we have neglected to track the virus. And failure to administer the critical loans to small business simply because of placing it in the hands of the few morons left in the administration, while gutting the agencies needed to administer such loans.
But above and beyond incompetence is abject stupidity like renewing a global trade war at a time when global trade has already screeched to a devastating halt. Why? Because Trump thinks it makes him look tough. Which is so much more important than helping to restart the global economy.
Trade Wars are everywhere and always STUPID. Nobody ever wins a trade war. That doesn't mean you can't enforce fair trade policies. But taxing your own consumers (during a depression) and destroying you own industry is certainly the dumbest way to do it.
The only thing worse would be to start another actual war with another super power like China. Trump has said he knows the virus was started in a lab in Wuhan, something that all global science and intelligence rejects. He can't tell us how he knows this, he says. Why is he saying this? Sounds like laying the groundwork for war...
Got Gold?
No comments:
Post a Comment