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Peter Navarro says shrinking US economy is good news
(www.newsweek.com)
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And that’s basically it!
I expect that Navarro will be needing to do a "high prices are good news" bit once stockpiled goods in warehouses in the US also run dry.
If Trump thought that this statement would be a political winner, I suspect that he'd be doing it himself, rather than having Navarro doing so. Right now, the only thing that Trump's currently seeing net positives in the polls I've most-recently seen is his immigration policy. Not on the economy.