Stalin
Well-Known Member
- Joined
- Apr 4, 2008
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Having tried, and failed at the casino game, six-times bankrupt Donald Frump is doing the same to the US economy
US President Donald Trump promised to 'Make America Great Again' by bringing back manufacturing and rebuilding what the world's biggest economy once was—a booming trade, solid factories, and secure workers.However, ever since he took office as the 47th US President, the world's top economists have not been able to hold back on critiquing the tariff buzz, lean government spending, and everything is about gambling!
Scanlon is a financial content creator who recently wrote in The New York Times on how working-class Americans mostly stand to lose as the US economy is almost 'predatory' for them and largely defined by froth. She believes the rich now always has a greater chance of winning with Trump's tax cuts.
Tariffs are being used like 'poker chips' and the stock market prices are now largely being driven by sentiment rather than fundamentals." As per Scanlon, the public sector has stepped back as a stabilizer, and the private sector has rushed in as a gambler, putting the economy under pressure.
"What he has ushered in instead is a casino economy, built on speculation and risk. Across markets and policy, wagers on the future are being made with other people’s money at a cost that could prove catastrophic," said Scanlon.
Speculation is now the system in the US, according to her. Markets once processed narrative into information to find profit. Now narrative is profit. She explained that what was once confined to capital markets now runs through everyday life: Healthcare, housing, education, etc.The economic commentator said in her NYT column that along with the ongoing tariff deals, one easily we will see gambling throughout the US economy — in markets, policy and how we talk about the future:
Read more at: https://www.ndtvprofit.com/world/tr...nce-expert-says-youll-probably-lose-in-us-now
comrade stalin
moscow
US President Donald Trump promised to 'Make America Great Again' by bringing back manufacturing and rebuilding what the world's biggest economy once was—a booming trade, solid factories, and secure workers.However, ever since he took office as the 47th US President, the world's top economists have not been able to hold back on critiquing the tariff buzz, lean government spending, and everything is about gambling!
Scanlon is a financial content creator who recently wrote in The New York Times on how working-class Americans mostly stand to lose as the US economy is almost 'predatory' for them and largely defined by froth. She believes the rich now always has a greater chance of winning with Trump's tax cuts.
Tariffs are being used like 'poker chips' and the stock market prices are now largely being driven by sentiment rather than fundamentals." As per Scanlon, the public sector has stepped back as a stabilizer, and the private sector has rushed in as a gambler, putting the economy under pressure.
"What he has ushered in instead is a casino economy, built on speculation and risk. Across markets and policy, wagers on the future are being made with other people’s money at a cost that could prove catastrophic," said Scanlon.
Speculation is now the system in the US, according to her. Markets once processed narrative into information to find profit. Now narrative is profit. She explained that what was once confined to capital markets now runs through everyday life: Healthcare, housing, education, etc.The economic commentator said in her NYT column that along with the ongoing tariff deals, one easily we will see gambling throughout the US economy — in markets, policy and how we talk about the future:
Read more at: https://www.ndtvprofit.com/world/tr...nce-expert-says-youll-probably-lose-in-us-now
comrade stalin
moscow
![vf0924-news-gambling[1].webp](https://www.houseofpolitics.com/data/attachments/26/26101-767370ead03644d844405bd12a76b392.jpg?hash=F7H4-R10LU "vf0924-news-gambling[1].webp")
