Tag: Gross Domestic Product
Whatever one’s attitude towards globalization – good or bad – America’s way of waging its MAGA war on China likely will have unintended sequelae that may well lead to some last century style pain and disruption.
The good news for the Trump administration is that while the US economy may slide into contraction this quarter, should the shutdown persist indefinitely, there will be nobody to report that GDP is now negative.
The key financial principle is that this self-expansion of interest-bearing debt grows to absorb more and more of the economic surplus.
The are few snarkier defenders of the current rotten financial status quo than Ben White of Politico's Money Morning. So it's not surprising that he is out this AM with the latest Trumb-o-phobe meme from Swamp Dweller's Central.