I don’t understand macro economics. I do understand that when the stock market goes up the president is doing a good job.
like many of your trump followers, not well read and well educated, perhaps self taught. the united states outputs from 1830-1890s were catching those of the british and the europeans to become no 1 producer. subsequently we went to every single country and territories to advocate open door policy to sell our products. practically created wealth from urbanization. mark twins’s the gilded age you probably didn’t read. in the case of china, they were a third of the world gdp until the brits came up some machines to free manpower from the land. hence the simplistic answer is that the chinese will do what it takes to go back to its glory days, 1/3 of the world gdp.
What's harder to understand is the Cantillon effect... you're smart, so you'll figure it out eventually
Since the Federal Reserve Act was passed in 1913 the U.S. Dollar has lost almost 98% of its purchasing power. The ramifications of this level of currency debasement are massive as it is clearly not sustainable. Also, observe how the money supply has grown consistently year after year. should be required educational course..
Only 98%? I'm surprised people accept USD at all since '71. Then again, if a gun is pointed at your head what else can you do?
https://www.cnn.com/2024/01/04/politics/trump-properties-china-foreign-payments/index.html $5.5MM to Trump.