A Promise With a Poor Track Record

Posted by Michael Campbell

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Donald Trump is he latest Government leader to promise jobs. Governments don’t have a good track record in that dept. as Justin Trudeau has found out. Canada’s unemployment rate is 7%, exactly, the same as it was after the election in Oct 2015. Just one factor that could torpedo Trumps promise would be if interest rates keep rising. Another is a stronger US dollar that will make US products uncompetitive. There are just so many factors that can trip up a Government’s goal to expand employment, debt at the top of the list.

….more from Michael: Interest Rates Are Heading Higher

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