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US trade flows are realigning on the back of pandemic shocks and tensions with China, but efforts to reduce interdependence between the superpowers have not brought a swift decoupling. ....
Rather than being alarmed and making conclusions about the entire economy, the Dell news needs to be put in context of China’s development. Labour-intensive industries are leaving the country to be replaced by higher value-added sectors, and China’s advantages are hard to replicate elsewhere. ....
You would have to cut trillions to balance, that would mean cutting other programs that republicans are going to want to cut. food stamps, nasa, national parks. so what you ve got to do is you got to come up with a reasonable ask. may be some measure of discretionary spending cuts. maybe get the victory of decoupling that for military spending set military spending can continue to go up because we need that. you put that, that then puts the ball on the republican side that puts the white house on defense. if republicans are asking for something a lot it becomes harder for the white house. paul: dan quickly, prioritizing some payments the debt is off the table will pay the debt and may be working on spending. that a chance of giving republicans more leverage? i do think so. prioritizing tax revenue to debt ....