As a general rule, the most successful man in life is the man who has the best information
by Richard (Rick) Mills
Ahead of the Herd
Donald Trump appears to have torn a page from Ahead of the Herd’s manual for recharging the US economy.
In an earlier article we said what the global economy really needs, in this low-growth, spending-stalled environment brought about by the pandemic, is a push – something big that will attract huge amounts of investment, and workers. As we have suggested, this could be a massive infrastructure spending program, on the scale of President Roosevelt’s “New Deal”.
Not coincidentally – we like to think Trump reads AOTH – the administration is said to be preparing a nearly $1 trillion infrastructure proposal – some of the dollars are geared toward 5G/ Broadband – as a way of spurring the world’s largest economy back to life. US GDP growth fell 5% in the first quarter and when second-quarter economic output figures are released, they will be far worse, likely double-digit.