Is Following Irrationality the New Trade Strategy?
As the U.S. government shutdown was prolonged, not only was there noise about getting away from the U.S. dollar, but also about what happens to the U.S. economy next. On one hand, there was a consensus that the U.S. government shutdown was actually a good thing, serving as a cost-cutting measure that allowed the government to save money. On the other hand, there were those who said it was impacting the U.S. economy’s recovery process and would wipe a certain percentage off the U.S. economy’s gross domestic product (GDP).
Both sides had a solid argument to prove their point about the impact of the U.S. government shutdown on the U.S. economy, but my stance differs from that of both groups.
Continue Reading: Is Following Irrationality the New Trade Strategy?