Jelous? We've lost so many jobs due to free trade. They can call it any thing they want but the trade deficit cannot be explained by jelousy.
25 karma · joined June 24, 2016
Our economy would have recovered by now but we live in an even more distorted world. Risk is not priced correctly because interest rates are too low. Take Amazon for example. They can borrow at low rates to acquire an overpriced company in Whole Foods. Had Amazon borrowed at say 8% then the transaction is a lot riskier. This miss pricing of risk is radically distorting the economy throughout the country and there will be bad consequences. Those at the bottom of the economy will have the worst time and that includes recent high school and college graduates who will be looking for the few entry level positions.