Donald Trump is losing control of the U.S. economy as foreign investors continue to flee from U.S. assets. While Trump shouts at the rain, Jerome Powell and anyone else in his way, the economy is sinking deeper and deeper into bleak territory. Treasury outflows in April showed that the U.S. went upside down with more money flowing out of the U.S. than coming in. This is a staggering revelation and the summer hasn’t even begun. Housing starts and new permits are collapsing, continuing unemployment claims are increasing and a war in the Middle East threatens to heat up inflation as oil prices break through resistance levels. In a few short months, Donald Trump has driven the U.S. economy into the ground and it only gets worse from here with him at the helm. Max from @UNFTR breaks it all down.
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