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- May 5, 2019
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"Houston, we have a problem."
President of the United States Donald Trump is busily reassuring us that the economy is doing well and the fundamentals are sound. Yet, he's reportedly asking the Fed for a 1% rate cut.
President Trump wants the US import/export balance to change with the US importing less and exporting more. His chief economic adviser, Mr. Lawrence Kudlow, a man who plays an economist on TV, is an advocate of the strong dollar.
What's wrong, economically, with this picture?
President of the United States Donald Trump is busily reassuring us that the economy is doing well and the fundamentals are sound. Yet, he's reportedly asking the Fed for a 1% rate cut.
President Trump wants the US import/export balance to change with the US importing less and exporting more. His chief economic adviser, Mr. Lawrence Kudlow, a man who plays an economist on TV, is an advocate of the strong dollar.
What's wrong, economically, with this picture?