No. of Recommendations: 2
Early In this video Larry Summer's estimates the “adverse impact” to the US economy of Trump’s recent actions at a present value of $30 trillion.
Whether that number is anywhere near the truth, it supports the idea that a large negative impact to the economy is happening. As Jim said, this will lower profits, stock valuations, and prices.
It’s alarming that we’ve gone from a new industrial policy to bolster the economy to massive destruction with little cause to think it is creative destruction. Who is going to invest in this chaos?
Shaun
