President Obama stimulated a dead economy with the Recovery Act in 2009 with a bolus of cash to the people. But, that bounce in the economy was sustained with tax reductions in the FICA tax. When the FICA tax reduction ended due to economic growth the big box stores started to grown, because, that was millions every week removed from the economy.
China is trying to build a middle class to sustain economic viability. Bolus of cash into a Chinese economy is to stimulate a bounce so people begin to move into a better quality of life. China is a communist country. The government provides housing and infrastructure. Until the current manufacturing structure in China pays a GOOD wage, the Chinese monetary issues will continue to spin chaos in the global economy. No trade agreement is going to correct it. As a matter of fact the trade agreements make it worse because it cuts in the the middle class income in the USA.
Bernie Sanders and Donald Trump has absolutely nothing to do with the global recession.
February 11, 2016
By Raul de Frutos
...In commodities, (click here) a bubble formed on hopes that China's rapid growth would feed an ever-expanding appetite for raw materials. Moreover, in 2008, China launched a huge $586 billion economic stimulus plan, leading to higher demand for commodities and, therefore, rising prices. But prices weren't reflecting real growth, either. They were inflated as fake demand was created on the construction of excessively extravagant government buildings and uninhabited "ghost cities" in China....
China is trying to build a middle class to sustain economic viability. Bolus of cash into a Chinese economy is to stimulate a bounce so people begin to move into a better quality of life. China is a communist country. The government provides housing and infrastructure. Until the current manufacturing structure in China pays a GOOD wage, the Chinese monetary issues will continue to spin chaos in the global economy. No trade agreement is going to correct it. As a matter of fact the trade agreements make it worse because it cuts in the the middle class income in the USA.
Bernie Sanders and Donald Trump has absolutely nothing to do with the global recession.
February 11, 2016
By Raul de Frutos
...In commodities, (click here) a bubble formed on hopes that China's rapid growth would feed an ever-expanding appetite for raw materials. Moreover, in 2008, China launched a huge $586 billion economic stimulus plan, leading to higher demand for commodities and, therefore, rising prices. But prices weren't reflecting real growth, either. They were inflated as fake demand was created on the construction of excessively extravagant government buildings and uninhabited "ghost cities" in China....
