Attention Economy


Wednesday, August 14, 2019

Trade War Uncertainty and a Potential US Recession

U.S. Businesses Are Stuck in Trade War Uncertainty

Is the economy turning against Trump
https://www.washingtonpost.com/opinions/is-the-economy-turning-against-trump/2019/08/11/a3f9f022-bacc-11e9-b3b4-2bb69e8c4e39_story.html

Nobel prize winning economist Joseph Stiglitz notes:
“America should be in a boom, with three enormous fiscal-stimulus measures in the past three years. The 2017 tax cut, which mainly benefited billionaires and corporations, added some $1.5-2 trillion to the ten-year deficit. An almost $300 billion increase in expenditures over two years averted a government shutdown in 2018. And at the end of July, a new agreement to avoid another shutdown added another $320 billion of spending. If it takes trillion-dollar annual deficits to keep the US economy going in good times, what will it take when things are not so rosy”

Nobel Prize winning economist Paul Krugman: China Tries to Teach Trump Economics

WSJ Op-Ed: A Navarro Recession?