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 Originally Posted by wufwugy
Cough cough the efficient market hypothesis would like to have a word cough cough obama's liquidity trap gasps for breath cough cough obama said manufacturing cant come back because no magic wand then POOF like magic trump ramps them up cough cough
Explain the relevance of EMH here. I'm assuming it's applicable to the Obama's economy statement and not the latter but just wanted to confirm.
Explain how manufacturing coming back is a good thing. It gives jobs to people at the cost of the consumer (i.e. cheaper imports with tariffs). If we were effectively set up to compete in manufacturing we would have done so already. Seems like we're manufacturing competitiveness (pun intended!) via tariffs which American consumers will pay for in the long run.
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