google.com, pub-2431335701173086, DIRECT, f08c47fec0942fa0 December 2019 - MarchéEconomics

December 3, 2019

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Isolationism and increasing inefficiency that results will continue to push output down. Already it has reduced investment, which in turn reduces productivity growth, as well as both exports and imports which account for about 40 - 45% of our economy. Let me illustrate how this works. Two nearby islands routinely trade with each other because island 1 has resources and technology better suited for making clothes while island 2 is more suited to making food. Each islands specializes by producing…