My Daughter Is Definitely Not Going To Penn
One year to this very day l flew to the east coast to check out colleges with my then 15-year old. Check Penn off the list.
The following is from an economics major from the University of Pennsylvania.
….proud to admit their mistake of acting too fast and tightening too much (and that I was right!). They must Cut Rates bigger and faster, and stop their ridiculous quantitative tightening NOW. Yield curve is at too wide a margin, and no inflation! Incompetence is a…..
— Donald J. Trump (@realDonaldTrump) August 7, 2019
By the way, foreign money has been pouring into the U.S., not so much now, in large part due to the U.S. trade deficit. It is clear POTUS is clueless not only about monetary policy but also about balance of payments.
God help the United States of America.
Source: https://global-macro-monitor.com/2019/08/07/my-daughter-is-definitely-not-going-to-penn/
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