The US keeps cutting large checks to China, Japan and Germany



Dr. Michael Ivanovitch | CNBC

The smart mercantilist leaders of China, Japan and Germany — the three countries accounting for nearly 30 percent of the world economy — knew all along that U.S. President Donald Trump’s huge fiscal stimulus would be sending wonderfully large gifts their way. And here it is: During the first three quarters of this year, America cut them a $401.7 billion check from its growing domestic purchasing power. That was an 8 percent increase from the same period of last year, with China’s lion share of $301.4 billion soaring 10 percent. Read more here