Trump's art of the spin

Stephen Roach | Yale University | 08 July 2019

Blinded by a surging stock market and a 50-year low in the unemployment rate, few dare to challenge the wisdom of US economic policy. Instant gratification has compromised the rigour of objective and disciplined analysis. Big mistake. The toxic combination of ill-timed fiscal stimulus, aggressive imposition of tariffs, and unprecedented attacks on the Federal Reserve (Fed) demands a far more critical assessment of 'Trumponomics'.

Politicians and pundit...