The problem with growth in the US economy will be immediately be solved the day that we stop the trade war with China. We don’t need the Fed to counter-balance a political battle between China and the US. Mark my words, when this trade war is over, the economy will almost immediately overheat.
Also, you can guarantee that POTUS will turn off the trade war by the first quarter of 2020 so that the economy is running at top speed for the November election. The Chinese know this and they know they just have to hold on 6 more months and our political will for the trade war will vanish.
Source: High Interest Rates Are Hobbling Growth – WSJ
There’s an increasingly strong case that the Federal Reserve should cut interest rates to weaken the U.S. dollar and encourage greater exports—and that it should do it soon.
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The United States cannot right the world’s wrongs. For the most part (there are exceptions), we will have to step in when those wrongs influence other nations though.
So when North Korea threatens to attack South Korea or Japan, that is a problem. Especially when we agreed to protect both countries from attack by treaty. They exist in their present form because of the US. So when Obama, Bush, and Clinton do an ostrich in the sand to North Korea, that is a big problem.
It is the responsibility of the United States to protect both countries because we have a treaty that says that we will. As long as the Kim family is only cruel to their own people, then we can leave them alone. When the Kim family and the leading generals of North Korea threaten the safety of Japan and South Korea, then it is equivalent to threatening the US.
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