abelard
Player Valuation: £35m
so much is still uncertain
on the one hand you have Trump hinting at big infrastructure spending and investment in education, both of which are badly needed. so far only the canadians have had the balls to defy the austerity consensus and try this, and thus far, very tepidly. if obama had dared to suggest this, it'd be mobs with pitchforks in congress.
it's apparent that central banks can no longer maintain the economy on their own. what they are doing is premised on governments responding to monetary cues with fiscal responses, which they've been politically or ideologically unwilling to countenance. central banks have basically all pulled the "emergency lever" and nothing's happened. and if there is another crash, they have no recourse left.
this could be something of a fiscal "only Nixon could go to China" moment
but, on the other hand, you have promises of gutting health insurance, medicare/aid, ten billion in tax cuts for the rich, and eliminating the deficit - the paul ryan "starve the beast" budget, in other words, but also mostly all things trump has likewise "promised," to the extent that means anything
you can have one or the other, but i'm not sure how you can have both
on the one hand you have Trump hinting at big infrastructure spending and investment in education, both of which are badly needed. so far only the canadians have had the balls to defy the austerity consensus and try this, and thus far, very tepidly. if obama had dared to suggest this, it'd be mobs with pitchforks in congress.
it's apparent that central banks can no longer maintain the economy on their own. what they are doing is premised on governments responding to monetary cues with fiscal responses, which they've been politically or ideologically unwilling to countenance. central banks have basically all pulled the "emergency lever" and nothing's happened. and if there is another crash, they have no recourse left.
this could be something of a fiscal "only Nixon could go to China" moment
but, on the other hand, you have promises of gutting health insurance, medicare/aid, ten billion in tax cuts for the rich, and eliminating the deficit - the paul ryan "starve the beast" budget, in other words, but also mostly all things trump has likewise "promised," to the extent that means anything
you can have one or the other, but i'm not sure how you can have both