Government deficits as a source of corporate profits, US-China trade war impact on Germany, update on autos and Turkey

1 Big Idea: Trump's deficits are driving corporate profits
I intend to delve into the macro modelling of this idea in more depth later. But I wanted to flag a concept for you regarding why this expansion has legs. It's the fact that government deficits are key driver of corporate profitability. Some comments by Tim Duy spurred this thought. Here's what Tim wrote yesterday:
The recent firming of economic growth, however, is a reminder that the shrinking difference between short- and long-term Tre...


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