Yes we are being whip sawed by China.They are clearly in control of our economy and because we sat so long and did nothing about the classic competitive devaluations, there is not much we can do about it today. We have no leverage. Where is my tariff? While Rome is burning again we sit and do nothing. The willingness of the American consumer to pay a bit higher prices for consumer goods so that we can have more jobs and a stronger economy. Or should we as Krugman says just keep taking on more borrowing, printing and debt to the point of no return. We may already be at that point as we can now clearly see that China is in the drivers seat of our economy…
Yes we are being whip sawed by China.They are clearly in control of our economy and because we sat so long and did nothing about the classic competitive devaluations, there is not much we can do about it today. We have no leverage. Where is my tariff? While Rome is burning again we sit and do nothing. The willingness of the American consumer to pay a bit higher prices for consumer goods so that we can have more jobs and a stronger economy. Or should we as Krugman says just keep taking on more borrowing, printing and debt to the point of no return. We may already be at that point as we can now clearly see that China is in the drivers seat of our economy…
Any time people start talking about “more borrowing” they should also include payments, and whether there are “more payments”.