I would have appreciated more discussion of whether rising debt and rising gdp is a net benefit to America, as implied here. I am not so sure. Biden spent, GDP grew, but so what? There was something of a loss of intellectual rigour within this conversation. For example, if America has a large number of top 100 companies, as pointed out here, it does not prove exceptionalism, but rather that America is large and its companies tend towards being large. It does not prove quality, skill, differentiation, perhaps competitive advantage. I would prefer a BMW to a Ford (no offence to Ford – they are cheaper, especially now).
The market commentary, arguing for falling rates in April, is interesting and was a different rationale, with the same end result, as David Blanchflower – helpful, thank you. Dollar comments were equally helpful – perhaps markets underestimate how much risk of weakness there is.
Donald “McKinley” ; Probably apt.
so how did that work out?
I would have appreciated more discussion of whether rising debt and rising gdp is a net benefit to America, as implied here. I am not so sure. Biden spent, GDP grew, but so what? There was something of a loss of intellectual rigour within this conversation. For example, if America has a large number of top 100 companies, as pointed out here, it does not prove exceptionalism, but rather that America is large and its companies tend towards being large. It does not prove quality, skill, differentiation, perhaps competitive advantage. I would prefer a BMW to a Ford (no offence to Ford – they are cheaper, especially now).
The market commentary, arguing for falling rates in April, is interesting and was a different rationale, with the same end result, as David Blanchflower – helpful, thank you. Dollar comments were equally helpful – perhaps markets underestimate how much risk of weakness there is.