How To Ruin An Economy

WE hear a lot about the situation in North Korea and Asia…..there have been many articles written about just what would happen if all these words come pushing and shoving.

But has anyone thought of the consequences to the economy?

Could this be more of a problem that the flying of bullets and missiles?

Finally, someone is looking at the situation in a realistic way.

Full marks for timing, Mr President. Last week marked the 10th anniversary of the start of the biggest financial crisis since the Great Depression, making it an appropriate moment for Donald Trump to threaten North Korea with obliteration.

One of the few achievements Trump can point to in his first six months in office is that shares on Wall Street have been steadily rising since his election victory last October. The “fire and fury” remark and the inevitable counter blast from Kim Jong-un gave the markets pause for thought. But not much more than that.

Source: How Trump v Kim can wreck the world economy without a shot being fired | Larry Elliott | Business | The Guardian

There is always more to a problem than what we hear on the evening news….that is mostly speculation and sensationalism.

We need all aspects of the situation/solution but instead we are fed only that which they want us to know or consider.

14 thoughts on “How To Ruin An Economy

  1. I watched an interesting feature on the BBC news last week. Economists were debating about the unexpected success of the US economy, the strength of the dollar, and the stable share prices. They concluded that despite everything that has happened since Trump’s election, the US economy was in a very good position, and doing far better than any European country.
    Regards, Pete.

  2. Yes, the market and the economy have been doing fairly well, and Trumpie certainly tries to take credit for it. But there are two cogent points that are often overlooked, especially in pro-Trump quarters. Here goes:

    1. The recent stock rally, jobs report and other economic meanderings are just part of last month having been the 83rd consecutive month of the Obama Recovery.
    2. Even the GOP has become frustrated with Trump’s inability to pass any meaningful legislation. We hear about all of these great–for the billionaires–ideas; but, none of that has progressed–or even been initiated! Naming post office buildings, pardoning turkeys and photo-ops will not boost the economy.

  3. I guess that Trumpet has just been too busy to lay claim to The Trump Dump! For nor, the evil of Uncertainty has, perhaps, led to some money coming off the table.

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