I just pray that the Forbes aren’t part of the global Luciferian cabal. Only time will tell.
Remember when Forbes claimed Obama was wrong and 2% growth was not the best US could do?
Remember when Forbes successfully predicted the phenomenal stock market growth when Trump would take office?
Remember when Forbes decried Obama’s economic policies as harmful to the country?
Nah - neither do I - funny they want to claim the mantle of a knowledgeable authority now.
ya...welll....”trade protectionism” means different things to different people.
Opposing TPP which threatened U.S. sovereignty is NOT “trade protectionism”!
With all due respect, Mr. Forbes, we’ve been following your playbook for three decades, and it hasn’t exactly been working for us.
Massive increases in the deficit don’t help either.
Steve Forbes is the quintessential GOPe/Wall St. type, so he’s nervous.
The Chamber Of Amnesty publishes a hissy fit.
Fake news.
This truncates what Mnuchin also said.
Mnuchin clarified his words and said, “everybody knows a weak dollar helps the economy ONLY in the SHORT TERM, but that it would never be long term policy”. President Trump jumped in also and clarified the original statement Mnuchin had made.
Forbes may not like Mnuchin, ya think? Nevertheless, Mnuchin is no dunce at math either.
I always thought Forbes was a serious source of financial information. I was wrong. Fortunately, they shot themselves in the foot right off the bat.
Making statements doesn't require knowledge or judgement. Explaining why or how, with concrete historical examples might, but that is never done. The "appealing to authority" thing again...
THREAD REJECTED! unread...
Was Forbes on the bandwagon of all the other mainstream ‘economists’ that were predicting a stock market crash if Trump was elected? I can’t recall specifically if Forbes was on board with that because I generally ignore the globalist crony capitalist crowd.
HAAHAH.
One thing that turned the economy around so suddenly was exactly that tough talk on trade. We don’t have free trade, we have managed trade. Trump merely pointed out it should no longer be managed to prop up US Foreign policy agendas but instead be used to future US economic interests.
Truthfully, the track records of such pundits is so poor that even the bookies would be embarrassed to take their money.
“$2m says the Chicago Cubs win the Superbowl!”
“Uh, first of all the Superbowl was yesterday, and... uh, forget it. Is 20 to 1 odds against good enough for you?”
“You betcha!”
This is an incontrovertible fact: No country has ever devalued its way to greatness and enduring prosperity. Ever.
...
But almost every country tries it. I hope Trump doesn’t fall for it.
I actually see the low dollar helping until we get the trade deals that we want.
A low dollar makes American goods cheaper so they can still compete despite the tariffs that our supposed free trading partners charge.
It makes their goods more expensive for import into the US.