albert edwards economy

Albert Edwards Asks: ‘Warren, Sanders or Trump What’s The Difference?’

"Christie’s US recently sold two pairs of late 1990s tortoiseshell sunglasses for $2,750".

"Christie’s US recently sold two pairs of late 1990s tortoiseshell sunglasses for $2,750".
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3 comments on “Albert Edwards Asks: ‘Warren, Sanders or Trump What’s The Difference?’

  1. There is a third option on QE: it’s an unnecessary evil employed in a attempt–not nefarious, but very misguided–to prop up the economy permanently. Which is basically what you say with the next sentence, but I think it’s important to note explicitly that the reality is probably somewhere between the two options that are presented as something of a dichotomy.

    And, I think it’s important to distinguish between rounds of QE as well. The first was probably necessary. Subsequent ones were certainly less necessary, at best.

    • They were also necessary because the Tea Party nutters and Christian Democrats in Germany stifled efforts to have fiscal policy carry more of the load. Funny how the Tea Party boys went quiet about deficits once the GOP took over.

  2. Remarkably, in my view, little attention is given to another important part of Trump’s appeal to some voters: the message that “it’s not your fault!” Your economic problems? They are all due to voracious foreigners and immigrants. They are not due to your own choices or, more interestingly, choices made by US companies.

    Trump’s GOP has done a marvelous job directing anger and resentment away from US companies who voluntarily chose to outsource jobs to Mexico and Asia. Nope, you should blame foreigners and immigrants.

    Many Democrats have joined the parade.

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