Despite China’s consistent refrain of 美帝亡我之心不死, US and China got into deep economic integration, aka, a codependent marriage, for the past 40 years. What is going on right now is a painful divorce Trump is blaming China for everything. China has a sense of outrage: How Could you? What about your 海誓山盟 of the free market forever? In reality, China and US just grew apart. Now they have very different visions of what the future should look like for themselves. the divorce would be painful for the two because the integration was so deep. It would be painful for everyone else, too. They now have to choose sides as friends only for one side
The truth of the matter is, Donald Trump inherited a growing economy from President Obama and me. And just like everything else he inherited in his life, he squandered it. https://twitter.com/joebiden/status/1290998489975885826
Republicans On Reddit Are Sharing The Things That Made Them Stop Supporting Trump https://apple.news/ADG2NO_5jQ4SxBbPnbptp6Q 27. "42 years old. I never voted for anybody because I grew up believing it didn't matter who got elected. They were all just different brand names for the same bullshit. I will be voting this time because I see now that it can matter who's in that office."
What's surprising about this paper is not its conclusion, but the fact that it was produced by the Fed, and not some radical leftists. https://twitter.com/michaelxpettis/status/1292665904757649411?s=21 New paper finds that increased corporate power is basically responsible for all of the negative financial and economic trends of the past few decades, including stagnant wages, rising inequality, more household debt and financial instability.
