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| IMF On US Antitrade & Immigration Risk | |
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| Tweet Topic Started: Oct 5 2016, 04:23 AM (65 Views) | |
| Catseye | Oct 5 2016, 04:23 AM Post #1 |
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Pisa-Carp
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http://foreignpolicy.com/2016/10/04/imf-anti-trade-and-immigration-rhetoric-put-the-u-s-at-risk/?utm_source=Sailthru&utm_medium=email&utm_campaign=Ed%20picks%2010-04&utm_term=%2AEditors%20Picks On Tuesday, the International Monetary Fund downgraded its forecast for the U.S. economy while warning of "persistent stagnation" both at home and abroad if there's continuing backlash against trade and immigration. The IMF didn't mention Trump by name, but the fingerprints of his anti-trade policies -- he's pledged to tear up trade deals, slap steep tariffs on foreign goods, and punish American companies that want to move overseas -- are all over the emergency-lending bank's statement. His Democratic rival, Hillary Clinton, said she is opposed to some trade deals like the Trans Pacific Partnership, a pact between 12 Pacific nations covering 40 percent of world GDP, but is not nearly as bearish on international trade as her opponent. Add-On: Meanwhile, the fund expects the Chinese economy, the world’s second largest, to expand only 6.6 percent this year, down from an earlier 6.9 growth estimate. |
| "How awful a knowledge of the truth can be." -- Sophocles, Oedipus Rex | |
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| John D'Oh | Oct 5 2016, 05:17 AM Post #2 |
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MAMIL
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Let's try protectionism as a policy - it's failed every single freaking time it's been tried, so by the law of averages this time it's bound to be different! |
| What do you mean "we", have you got a mouse in your pocket? | |
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| George K | Oct 5 2016, 05:20 AM Post #3 |
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Finally
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You can say the same thing about a lot of government policies. That's never stopped them, has it? |
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A guide to GKSR: Click "Now look here, you Baltic gas passer... " - Mik, 6/14/08 Nothing is as effective as homeopathy. I'd rather listen to an hour of Abba than an hour of The Beatles. - Klaus, 4/29/18 | |
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| Copper | Oct 5 2016, 05:38 AM Post #4 |
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Shortstop
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Another indication that he really can change things. |
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The Confederate soldier was peculiar in that he was ever ready to fight, but never ready to submit to the routine duty and discipline of the camp or the march. The soldiers were determined to be soldiers after their own notions, and do their duty, for the love of it, as they thought best. Carlton McCarthy | |
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| John D'Oh | Oct 5 2016, 05:39 AM Post #5 |
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MAMIL
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Being anti free trade has a particularly checkered past. Churchill, hardly what anybody would call a brain-dead liberal, left the British Conservative party over this very issue back in 1904. |
| What do you mean "we", have you got a mouse in your pocket? | |
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4:58 PM Jul 10