Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsKRUGMAN: The smart money thinks Trumponomics is a flop.
Live shot of Trump economic team preparing for possible downturn 1/
..................
Neither I nor anyone else is predicting a replay of the 2008 crisis. Its not even clear whether were heading for recession. But the bond market is telling us that the smart money has become very gloomy about the economys prospects. Why? The Federal Reserve basically controls short-term rates, but not long-term rates; low long-term yields mean that investors expect a weak economy, which will force the Fed into repeated rate cuts.
So what accounts for this wave of gloom? Much though not all of it is a vote of no confidence in Donald Trumps economic policies. [...] Yes, the tax cut gave the economy a boost a sugar high. Running trillion-dollar deficits will do that. But the boost was temporary. In particular, the promised boom in business investment never materialized. And now the economy has reverted, at best, to its pre-stimulus growth rate.
https://www.nytimes.com/2019/08/15/opinion/trump-economy.html?login=email&auth=login-email
Link to tweet
InfoView thread info, including edit history
TrashPut this thread in your Trash Can (My DU » Trash Can)
BookmarkAdd this thread to your Bookmarks (My DU » Bookmarks)
6 replies, 1141 views
ShareGet links to this post and/or share on social media
AlertAlert this post for a rule violation
PowersThere are no powers you can use on this post
EditCannot edit other people's posts
ReplyReply to this post
EditCannot edit other people's posts
Rec (13)
ReplyReply to this post
6 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
KRUGMAN: The smart money thinks Trumponomics is a flop. (Original Post)
kpete
Aug 2019
OP
CentralMass
(15,265 posts)1. Moe, Larry, cheese.
empedocles
(15,751 posts)2. Curley was a superstar!
NoMoreRepugs
(9,457 posts)3. US needs to issue a Trillion+ of new debt to fund
the Orange Douche's massive deficit - IMO that provides an opportunity for Chinese leverage. The lack of strategic thinking, or any thinking at all by the Chump administration is going to put most of us in a dire situation.
smirkymonkey
(63,221 posts)5. K&R
BootinUp
(47,186 posts)6. Krugman always glimpses the trees first. Nt