(08-14-2019 04:18 PM)Fort Bend Owl Wrote:  https://slate.com/business/2019/08/reces...rmany.html

This article talks about three potential solutions. One the Fed could cut interest rates.

Two - Congress could stimulate the economy by 'borrowing a whole boatload of cash and spending it on upgrading our rotting transportation networks. Thirty-year Treasury bonds are trading at around 2 percent right now, and threatening to drop lower—meaning the government can borrow for practically nothing for three decades at a time. Maybe we should take advantage of that? Fix some subways? Repair some roads? Make good on one of Donald Trump’s central campaign promises, even if it mildly hurts the Democrats’ chances in 2020?'

"Finally, Trump himself could call off the so-far ineffective trade war he’s been waging without much strategy or direction. We know the trade war is causing trouble for American farmers, despite the administration’s bailout. As I mentioned above, it’s also pretty clearly hurting domestic business investment. And as Neil Irwin writes at the New York Times, it’s driving global trouble too. Our tariffs seem to be putting a dent in China’s factory production and scaring Chinese consumers out of spending. Trump almost surely sees this as a plus, but as a result, Germany is exporting fewer cars to the People’s Republic, which is weighing on its own growth, which is bad for all of Europe. And the weaker the world economy gets, the more likely it is that companies everywhere will cut back on hiring."

The problem with #2 and #3 is the first one will require leadership in Congress to work together. And that hasn't been happening lately. And the third solution is Trump will have to admit he's wrong about something. And he doesn't do that ever either.

So his solution for now is to blame the Fed and call the Fed chair clueless, which is sad because he's a Republican whom Trump appointed.

Bold strategy. Try to convince people the economy sucks. Gotta work better than Beto.

Pathetic.