Why Trump Is Routing the Free Traders
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Why does "free trade" work? It doesn't, but cheap money can make it appear to work. It pumps up the stock market and stock holders get the "wealth effect". This seems to bolster the economy, but the debt grows faster than the wealth. It is all smoke and mirrors.
We're at a curious point. On the one hand, the claim is that the economy is booming, but on the other hand, the Fed cannot normalize interest rates because the economy is too weak.
We are being played. Wake up.
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