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QUYẾT ĐỊNH THÀNH CÔNG
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NOTHING IS PERMANENT EXCEPT CHANGE

The White House should challenge the Fed’s rate hike rationale

  • Rising credit costs have overpowered employment growth and real disposable income gains to cause the collapsing housing demand in the U.S.
  • The decline of residential investment leads to weakening sales of consumer durable goods and depresses three-quarters of U.S. economy. Huge and increasing trade deficits then finish the job of eroding economic growth.
  • U.S. trade deficits are soaring. Meaningful trade deals with China are highly uncertain, but Washington should be able to settle trade issues with Europe — a destination for a quarter of rapidly growing American exports.

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