Paul Krugman: "The funny part Kevin Hassett touted that slight blip upward in the first quarter as proof of tax-cut success.: "We've seen a plunge in foreign direct investment—that is, investment that involves control, rather than just being part of a portfolio. Also a plunge in US investment abroad, although that was an accounting reshuffle with little real meaning.... Kevin Hassett touted that slight blip upward in the first quarter as proof of tax-cut success; also failed to understand what the repatriation of earnings was about https://www.marketwatch.com/story/white-house-advisor-foreign-investment-is-skyrocketing-even-with-harley-davidsons-move-overseas-2018-06-26. Gotta say that Mr. Dow 36K doesn't disappoint. All of us are wrong sometimes, but he manages to be wrong every single time, about everything. Trump's kind of guy...
#shouldread
