Armstrong Economics:
Steve Bannon has been fired from the Trump team, and many are saying good reddens. It was Bannon who has been the architect of the most confrontational approach with Congress and has really been clashing behind the curtain. Bannon said in the interview that the main front was China: “We are in a trade war with China” and if the US were not to win this war, they would fall back as a world power permanently into insignificance. He thinks China trade is more important than North Korea. Bannon’s statement is really absurd for he has clearly no real understanding of the world economy and that is the danger he poses. His focus of China and trade is the same stupid reason James Baker created the G5 back in 1985. We are plagued by people who pontificate on the world economy with zero experience.
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