Oh, and by the way, always giving glory to our Lord, Jesus Christ! He comes first. Always.
(Biden's) one trillion-dollar stimulus program follows President Obama’s famous $800 billion shovel-ready stimulus program of 2009. The results are in for Obama’s boondoggle. No effect on the longer-term economic growth rate. A waste of taxpayer money.
The 2021 over one-trillion-dollar infrastructure plan will in all probability end the same way as Obama’s shovel-ready stimulus, with no positive effect on the longer-term economic growth rate. We know this from the 2009 experience and from infrastructure projects in other developed economies, notably Japan.
https://issuesinsights.com/2021/09/17/whats-behind-runaway-inflation/
Ed McQuarrie talks the REAL History of Stocks and Bond performance.
We're taking my son to his Introduction to Auburn event at Auburn University.
we'll see you next week though!
In the meantime, a white paper I'm reading.
"This study validates...that the implementation of (China's) Five Year Plan was followed by a significant production expansion in the encouraged sectors of China. This expansion crowds out production in the same sectors in the US, leading to significant drops in both employment and investments and a notable increase in plant closures."
But it's TRUMP that started the trade war, eh?
sorry folks gotta move all this mulch by this weekend.
WE're preparing for my son Cavan's high school graduation party. So, it's a BIT hectic here to make sure everything is in place...
If it was me, I'd grill burgers and sit on coolers full of water. But apparently I'm not in charge. Who knew?
