Here is the failure of so called ‘Free Trade’:
JACKSON HOLE, Wyo. (Reuters) – Central bankers in charge of the vast bulk of the world’s economy delved deep into the weeds of money markets and interest rates over a three-day conference here, and emerged with a common plea to their colleagues in the rest of government: please help.
Mired in a world of low growth, low inflation and low interest rates, officials from the Federal Reserve, Bank of Japan and the European Central Bank said their efforts to bolster the economy through monetary policy may falter unless elected leaders stepped forward with bold measures. These would range from immigration reform in Japan to structural changes to boost productivity and growth in the U.S. and Europe.
Without that, they said, it would be hard to convince markets and households that things will get better, and encourage the shift in mood many economists feel are needed to improve economic performance worldwide. During a Saturday session at the symposium, such a slump in expectations about inflation and about other aspects of the economy was cited as a central problem complicating central banks’ efforts to reach inflation targets and dimming prospects in Japan and Europe.
Guess what? Get rid of the globalists nonsense and pull out of these ridiculous ‘Free Trade’ deals like NAFTA and GATT and all of this malaise goes away. America is the engine that pulls the world’s economic train and right now we pulled our own wheels off by willfully alowing oyr manufacturing to move to China and Mexico.
Honestly, it does not take a MS in Econ to see this.
This economic destruction will continue until America dumps the ‘Free Trade’ / Globalist crap, reduces the size and scope of Fedzilla, and cuts corporate taxes, and gets on with the business of being in business. By the way, there is ONE candidate who is espousing all if these things. A vote for anyone else is a vote to remain in this self-inflicted quagmire. It really is that simple.
Oh, and get this:
Bank of Japan governor Haruhiko Kuroda said he is in regular talks with Japanese Prime Minister Shinzo Abe about opening Japan to more immigration and other politically sensitive changes needed to improve potential growth, currently estimated at only around one percent annually.
Wow. just Wow.