1) The US is part of “the West” but we are in a vastly different situation. Yes, our debt is growing (damn it) but so is our economy, and we remain at 100% debt to GDP ratio. Better by far than the rest of the developed world...and China.
2) This rate cut was unnecessary for the US economy, but useful to defend, at least a little, from the monetary devaluation of other nations. A strong dollar hurts our economy more than it helps it.
3) THE most important economic calculation right now is whether or not Trump gets re-elected. He’s done a tremendous job, almost on his own. A second term will be a game changer for the next 50 years.
2) This rate cut was unnecessary for the US economy, but useful to defend, at least a little, from the monetary devaluation of other nations. A strong dollar hurts our economy more than it helps it.
...
Correct. Other nations refuse to use tax and regulation cuts to stimulate their economies. They want to use monetary policy exclusively which isn’t working.