The Forum > Article Comments > The US economy is slowing because of the Fed, not because of the dispute with China > Comments
The US economy is slowing because of the Fed, not because of the dispute with China : Comments
By Michael Knox, published 19/8/2019All that is happening is that the slower growth, inflicted on the US economy by Fed tightening, is now having a slowing effect on US operating earnings per share growth.
- Pages:
-
- Page 1
-
- All
- Pages:
-
- Page 1
-
- All
The tax breaks just a very short term sugar hit for the economy. The extra massive liquidity created by massive debt and quantitive easing should have been ploughed into additional productive capacity by the US industrial giants.
Instead, most of it was used to boost dividends and subsequently Executive bonuses. And the debt remains as does the propensity to force-feed more and more of our finite wealth into fewer and fewer hands. And another Great Depression in the making!
Is that what a six times bankrupt, Trump meant when he said, make America Great again? And he has all the ingredients in play to make another. An isolationist policy coupled to thoroughly disgraced trickle-down economic (crumbs from the rich man's table) theory!
We for our part will be taken down with whom we are economically chained to! And given that will ensure a reduction of already scarce tax revenue. Some services will have to go or be massively reduced! Social welfare and pensions maybe!? Well, who is going to pay for them? Our visiting Chinese nationals? Visiting Backpackers?
Or perhaps a resuscitated industrial sector? The latter the only one with a snowflakes chance in hell of allowing us to stay afloat and independent as the world self destructs economically as a power play between rival and equally extreme and self-absorbed ideologies.
More later.
Alan B.