Heterodox
With each data release it seems more likely to me that the deceleration in the growth of borrowing from the banks is reflecting a drop in aggregate demand:Growth of C and I loans has been near 0 since the election: No tax cuts, no infrastructure spending either. Trumponomics is dead in the water in Congress so far as the GOP engages in a circular firing squad. It's a party great at unifying on obstruction, but a bunch of losers on governing. The mid-term campaign season is nearing, so they...
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