The common belief is that increases in the stock market drive overall economic growth. Expansionary monetary policies, however, are responsible for driving up stock prices even as they simultaneously damage the economy.
With US government debt skyrocketing past $33 trillion and possible recession looming, the Treasury faces the prospect of running out of suckers. Finding buyers for US debt will become much more difficult.
Arkansas Gov. Sarah Huckabee Sanders is forcing a Chinese firm to sell its Arkansas land holdings in the name of “national security.” The order is economically destructive and serves no useful purpose.