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You're so defeatist. The US could turn things around and in fact, is. The problem with China is that you can't trust anything there--their bonds are garbage,
by lisbbb 1y ago
You're so defeatist. The US could turn things around and in fact, is. The problem with China is that you can't trust anything there--their bonds are garbage, their equities, same.
- arunabha 1y agoThe issue is, the current administration seems to be hell bent on speed running the course to a similar destination. The overt attempts to politicize the Fed and key govt institutions has sown the seeds to distrust in US govt data and monetary policy. Whether we water and fertilize the seeds, or let them dry and wither will decide the level of credibility we get in the future. Strong institutions are absolutely critical for long term economic success. Enforcement of the rule of law, accurate data and credible monetary policy are the bedrock on which long term economic prosperity is built. Right now, we seem to be taking a jackhammer to that foundation.