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Mack BT's avatar

A good take on the hysteria for sure. But not so fast on shredding free trade. No free lunch. 35+ years of lower prices on goods about to go out the window. Admittedly I’m no economist nor a micro expert, but imagine what many things would cost today if the same manufacturing and trade relationships existed as 40 years ago. We may get ‘fairer’ trade relationships but unfortunately those who can probably least afford it will bear the brunt with higher prices in the short and intermediate term.

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judwoodworth's avatar

When I lived in NYC in the early '80s, the media loved showcasing Trump. He was brash, articulate, and confrontational. He was and is a master of emotional manipulation. As far as public policy goes, we will see what actions back his words with Trump2. While I am not a fan, come January, words meet reality2. The Biden admin unleashed way too miuch stimulus. Trump1 tax cuts enriched the wealthy and mutlinationals. The spigots are still open and the Biden admin did not do anything to contain it. Good luck putting inflation back in its place.

Will they have the willpower to bring debt/GDP into balance? I don't know. If they don't, a debt/credit event might just do it. Will they blame every mistep on the former admin, for sure. Will the lower and working class be better off, probably not. Will the wealthy prosper, they always do. Am I concerned about the DXY, absolutely. I just don't think policy makers are forward enough thinkers to understand the gravity/importance of the worlds reserve currency. The stronger the dollar, the more pain in the EM world and all of our trading partners. I don't know how we can compete with China. That is where your expertise comes in.

There is no easy solution. Tax more, spend less, and grow your way out of the debt. I don't know any other way. This is what I hope to hear out of the Trump2. The time for revenge and blame is over.

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