I read an analogy back that placed GWB as Johnson, the war, space and the Great Society all without raising taxes. Led to 1970s stagflation. But there were unions and little foreign competition then.
Schiff always claims asia will dump dollars, because we can never pay them back
Until they can stand on their own, they won’t sell. At some point—they can decouple—but not now. Japan is looking at a -12/15% GDP drop in Q4....China went effectively negative in Q4 from +10% 2 quarters ago..and this is just getting started.