Comments by "" (@TheDavidlloydjones) on "Gary Shilling Warns Fed Tightening Could Trigger A Recession" video.

  1. What you're missing is that the US does import from all those countries: they are all subcontracting to China, supplying the cheap labor Chinese industry needs. China then adds value and sends the finished products on to us. We pay for it all with basic resources -- oil, lumber, iron ore... -- and funnypaper. Trump whines about "They're taking all our money!" He should be grateful -- something he never learned how to do as a child. That funnypaper comes off American presses. it's the one thing America is good at making cheap. He misses the fact that all the imbalances re the other way: China is doing more for the US in real goods and services than the US is doing in funnypaper. Best investment? Do you have your wheelbarrow for carrying the dollars you'll need to buy your morning coffee?
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  2. Total flim-flam. The reason the US economy is on the brink of disaster is that -- as his supporters tell us over and over -- Trump is a wrecking ball. A trillion dollar budget deficit on top of a tight economy on top of a trillion dollar tax-give-away repatriation of overseas profits adds up to disaster in waiting. A sugar high now, diabets later.
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