k995
Legacy Member
VS economie gaat nieuwe (of misschien een herhaling van niet zo lang geleden turbulente tijden) tegemoet :
Trump and House Republicans Have Started Dismantling the Dodd-Frank Act, Setting Up the Economy for a Repeat of the 2008 Financial Crisis – Economical Millennial
Trump and House Republicans Have Started Dismantling the Dodd-Frank Act, Setting Up the Economy for a Repeat of the 2008 Financial Crisis
On Monday, President Trump went on a tangent about the Dodd-Frank Act while talking to those waiting for him to sign yet another (unrelated) executive order. That same day, Rep. Bill Huizenga (R-MI) introduced a piece of legislation aimed at eliminating the need for oil companies to inform the SEC when they make payments to foreign governments while developing their oil processing and/or drilling infrastructure.
What is Trumpenomics, according to Peter Navarro? - Business Insider
That voice belongs to Peter Navarro, the head of Trump's newly formed National Trade Council.
Over the past few weeks, Navarro has given a number of interviews that explain the administration's propensity for victimhood, an obsession with Germany, and a deep-seated desire to change the face of the American economy as we know it.
All these factors have contributed to growing fears that this administration will start a trade war with any of the countries it has scapegoated — Mexico, China, or, yes, now Germany.
“They play the money market, they play the devaluation market, while we sit here like a bunch of dummies,” Trump said of China and Japan while in a meeting with pharmaceutical industry CEOs on Tuesday.
It sounds a lot like an interview with Navarro that the Financial Times published around the same time in which he said that Germany, like China and Japan, was taking advantage of a “grossly undervalued” euro to “exploit” to expand its trade deficit with the U.S. That is to say, Germany sells us more goods than we sell to it.
Those are dramatic words that could easily lead to dramatic action. So you should know what's coming.
Crimson mind
Perhaps the most notable thing about Navarro is the work he's done on China. For one thing, it's an indication of why he (a Democrat by registration) was chosen by Trump. His 2011 book, "Death by China," was turned into a documentary (which you can watch on YouTube).
In it he argues many of the things Trump argued on the campaign trail — that China is manipulating its currency in order to export more goods to the US and that it's hurting our manufacturing sector.
One expert claims that "China is the only country in the world that is preparing to kill Americans." Another calls the US "a big chump" for supporting China's entrance into the World Trade Organization.
...
All of this together smacks of distorted capitalism with a thick smattering of something dangerous — populism. And for what it's worth, this ideology doesn't surprise Navarro's fellow economists.
"The thing about Peter Navarro is that he was never apart of the group of economists who ever studied the global free-trade system," Branstetter said.
"He doesn't publish in journals. What he's writing and saying right now has nothing to do with what he got his Harvard Ph.D. in ... he doesn't do research that would meet the scientific standards of that community. As far as I'm concerned he doesn't know what he's talking about in terms of trade policy."
Trump and House Republicans Have Started Dismantling the Dodd-Frank Act, Setting Up the Economy for a Repeat of the 2008 Financial Crisis – Economical Millennial
Trump and House Republicans Have Started Dismantling the Dodd-Frank Act, Setting Up the Economy for a Repeat of the 2008 Financial Crisis
On Monday, President Trump went on a tangent about the Dodd-Frank Act while talking to those waiting for him to sign yet another (unrelated) executive order. That same day, Rep. Bill Huizenga (R-MI) introduced a piece of legislation aimed at eliminating the need for oil companies to inform the SEC when they make payments to foreign governments while developing their oil processing and/or drilling infrastructure.
What is Trumpenomics, according to Peter Navarro? - Business Insider
That voice belongs to Peter Navarro, the head of Trump's newly formed National Trade Council.
Over the past few weeks, Navarro has given a number of interviews that explain the administration's propensity for victimhood, an obsession with Germany, and a deep-seated desire to change the face of the American economy as we know it.
All these factors have contributed to growing fears that this administration will start a trade war with any of the countries it has scapegoated — Mexico, China, or, yes, now Germany.
“They play the money market, they play the devaluation market, while we sit here like a bunch of dummies,” Trump said of China and Japan while in a meeting with pharmaceutical industry CEOs on Tuesday.
It sounds a lot like an interview with Navarro that the Financial Times published around the same time in which he said that Germany, like China and Japan, was taking advantage of a “grossly undervalued” euro to “exploit” to expand its trade deficit with the U.S. That is to say, Germany sells us more goods than we sell to it.
Those are dramatic words that could easily lead to dramatic action. So you should know what's coming.
Crimson mind
Perhaps the most notable thing about Navarro is the work he's done on China. For one thing, it's an indication of why he (a Democrat by registration) was chosen by Trump. His 2011 book, "Death by China," was turned into a documentary (which you can watch on YouTube).
In it he argues many of the things Trump argued on the campaign trail — that China is manipulating its currency in order to export more goods to the US and that it's hurting our manufacturing sector.
One expert claims that "China is the only country in the world that is preparing to kill Americans." Another calls the US "a big chump" for supporting China's entrance into the World Trade Organization.
...
All of this together smacks of distorted capitalism with a thick smattering of something dangerous — populism. And for what it's worth, this ideology doesn't surprise Navarro's fellow economists.
"The thing about Peter Navarro is that he was never apart of the group of economists who ever studied the global free-trade system," Branstetter said.
"He doesn't publish in journals. What he's writing and saying right now has nothing to do with what he got his Harvard Ph.D. in ... he doesn't do research that would meet the scientific standards of that community. As far as I'm concerned he doesn't know what he's talking about in terms of trade policy."
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