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$779 billion deficit after being handed a great economy doesn't speak well for Trump and the GOP. FAIL!!!
Some of you folks really need to research your comments before you sound like idiots. Stop assuming.
QE is the fed printing money out of thin air which drops the value of the dollar since there is more. QE ended, is why the parties over. It should have never began and it's just like kicking the can down the road.
Trump saying the fed should print more fake money almost sounds like he wants a recession imo. He's also said we are in a bubble not long ago.
How about the debt to gdp ratio of the Federal Debt? Would you buy a stock with that ratio of over 100%?
God help us all.
And by the way.. There's nothing federal about the fed and Kennedy found out the hard way.
IMO selling your equities now is foolish because its easier to see the bottom. Tariffs don't compare the housing crisis. I hold 40% bonds which I will sell after a 20% decline in equities to buy more.
Bush Jr. started this. Obama extended it, and Trump has tried to double down to get us out of it. Will it work? I don't know....but the alternate is the failure of our economy and dollar.
One thing I can say, we buy 4-5x more stuff from China then they do from us, so if all that trade completely ended it's not going to be an end of days for the US financially. We are China's biggest casino gambler. In reality we need to just balance trade better and make more of our own stuff. The jobs that come with it, taxes paid *domestically*, and increased GDP would help us pull out of our nosedive over time. It's not accident that our national debt ~ equals the last 15 years of trade deficit with China, and fixing it isn't going to happen overnight it will probably be another 15 years to get out of it if we continue to do something about it.
Even though I don't agree with everything trump does, he's right about “We have been ripped off by China for a long time.” Chinese spy's have been stealing American technologies for a long time.
The tariffs have greater potential for damage to the Chinese economy than damage to the US so he's calling their bluff.
Hang on, but in the end this will get him reelected after the public realizes he was right.
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