This is the
unique quality about Donald Trump. He's
a hard-nose business man who not only learned the real estate business from the
ground up, but also graduated from the Wharton School of Business. He knows what makes the economy run more than
any other past president. Joe Biden and
Barack Obama were economic illiterates.
They didn’t have a clue and .05% GDP for eight years of the Obama regime
provess the point.
Fox Newsreports Federal Reserve Chairman Jerome
Powell admitted last week at the “virtual” Jackson Hole symposium that
the Fed has undershot its 2% annual inflation target consistently for the last
several years.
The Fed is
tacitly admitting that its deflationary monetary policy has restrained growth
and held down wages.
More
here
One thing I leared about economics is that it is complex dynamic
ReplyDeletethat no one person could understand. Even the Market Mavens
got this wrong. Obama so pooched the economy that the economy
was like bull in a chute at the rodeo. Even the COVID scare and
national civil inssurection could not stop the economy from coming
back to its pre-COVID losses. S&P and Nasdaq have recovered and
exceeded their pre-COVID all time highs and the Dow should be back
where it was before the crisis hit. Trump was right all along!