
Investments
Trump & The Outlook US Profits
Monday 13th of March 2017
The traditional Achilles’ Heel of most US fiscal expansions has tended to be that some part of the extra income generated from the initial spending programme have been spent on imports (indeed, we calculate that the marginal propensity to import during the first half of the 1980s was over unity). Therefore, we wonder if Trump’s team is implicitly hoping to keep the extra income that...
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