I hope this is just a retraction as everyone eyes the midterm elections, but this would deny reality in an overly optimistic way. Trump is an economic imbecile:
1. After 11 years of growth there is no surplus. The government is going to have to borrow $1.2T for the current fiscal year. Congress' profligate spending (both parties) is partially to blame.
2. Trump howling at the fed over interest rates is asinine. The interest rates are significantly lagging inflation.
3. Inflation will have its nitro button pushed when the $500B in China tariffs take effect in January.
1. After 11 years of growth there is no surplus. The government is going to have to borrow $1.2T for the current fiscal year. Congress' profligate spending (both parties) is partially to blame.
2. Trump howling at the fed over interest rates is asinine. The interest rates are significantly lagging inflation.
3. Inflation will have its nitro button pushed when the $500B in China tariffs take effect in January.
