Liberal Forum

Blackvegetable » 05 Sep 2024, 8:49 am » wrote: ↑

05 Sep 2024, 8:49 am

Goldman Sachs in an analyst note this week said Trump’s economic policies – particularly on trade – would cause America’s economy to shrink. By contrast, Vice President Kamala Harris’ economic policy proposals would grow the economy, Goldman Sachs predicted.

https://www.cnn.com/2024/09/05/business ... index.html

I suspect that Goldman's problem is its collective numeracy.

Hold on....Et tu, JPMORGAN? 

“It’s one of those magical economic proposals that can actually cause inflation and put you into a recession – at the same time,” David Kelly, chief global strategist at JPMorgan Asset Management, told CNN in a phone interview.

Kelly warned that tariffs are a “perfect stagflation machine,” threaten to scramble supply chains and invite a punishing response from trading partners.

“It’s a two-year-old’s mentality: You punch someone in the nose and expect them not to punch you back,” he said.

Ibid.

But what do these people know....it's not like they have the IQ of an inbred tanning bed....but surely someone who does will ofer a forcefiul and detailed rebuttal...