3 ms·
>it's working as intended? Quite likely. Either that or it's not. On a positive note, people could be advocating for overall prosperity, and let the "market"
by fuzzfactor 1y ago
>it's working as intended?
Quite likely. Either that or it's not.
On a positive note, people could be advocating for overall prosperity, and let the "market" sort it out. If they really wanted to and were capable.
OTOH if you don't have the stomach for overall prosperity, not even the type of acumen, you can have an equally impactful outcome of picking winners & losers by doing more direct damage to some Americans than others.
Downturns in foreign commerce can be highly significant and easy to follow the money on, but the way this is developing, that international decline only occurs as a result of collateral damage compared to that of the overall US economy. Which is very diffuse and capable of suffering huge dollar value being sucked out without being able to pinpoint any one loser while at the same time you can point to occasional winners that prevail under these conditions, like GM right now.
But that could change on a whim.