The current healthy state of the US economy provides little reason for the President to invoke the Emergency Powers Act. The only emergency: The impacts of Trump's draconian policies.
It’s like 19th Century medical treatments of blood letting and purgatives. Whether the diagnosis is right or not the treatments are going to make things worse.
Emergencies are on 1. supply chain concentration and the inertia to balance it to other EMs, 2. shrinking high-value/sensitive manufacturing in DMs, 3. the changing World order that seems to be shutting down global IP protection.
It’s like 19th Century medical treatments of blood letting and purgatives. Whether the diagnosis is right or not the treatments are going to make things worse.
Emergencies are on 1. supply chain concentration and the inertia to balance it to other EMs, 2. shrinking high-value/sensitive manufacturing in DMs, 3. the changing World order that seems to be shutting down global IP protection.
Steve
After 30 years of knowing and respecting your work; this is some of your best commentary!
Thx,
Richard Palmer
Many thanks Richard — most appreciated