Wall Street Journal (October 14)
“The two economies will be factors driving the choices voters make in November. The reality for Mr. Trump: Many achievements of his first economy have been wiped out by the second.” The post-Covid economy was “historically bad. It sent unemployment to depths unseen in post-Depression records before reversing itself quickly but only partially, leaving the U.S. with an outlook that’s especially hard to forecast.”
Tags: Achievements, Choices, Depression, Economy, Historically bad, November, Post-Covid, Trump, U.S., Unemployment, Voters, Wiped out
Institutional Investor (October Issue)
“Six years ago the common threat of a global financial collapse inspired a collective response that averted a depression. Today the threats seem to be coming from everywhere, and they are geopolitical as much as economic.” This makes any coordinated solution “hard to imagine.”
Tags: Collective response, Depression, Economic, Financial collapse, Geopolitical, Global, Solution, Threat
The New York Times (July 30)
Just when “the economy needs more spending,” everyone is focused on the debt limit and spending cuts. “The premature budget tightening of 1937… reignited the Depression,” and increasingly we look posed to make the same mistakes. The Times does not argue for unlimited spending. “Budget cuts are unavoidable — but they are not urgent. With the economy weak and interest rates low, austerity makes no sense.”
