Real Time Economics: Budget Blowout | Inflation in Focus | China Chides ‘Cold War’ Mentality

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In today’s issue, U.S. budget deficits are ballooning, China’s investment in the U.S. slides while the country’s president says a ‘zero-sum’ world view is out of place, Trump promises to protect farmers, manufacturers are wary of a trade war, and Japan chimes in on trade relations.
DEFICITS DON’T MATTER, RIGHT?
Tax cuts and spending increases enacted over the past four months will lead to $1 trillion budget deficits and a mostly temporary spurt in economic growth. The Congressional Budget Office said the federal Read More

Source:: wsj

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