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Trump views 50 years out of date, may trigger disruptive trade war: Paul Krugman

According to him, immediate issue is going to be confrontation not with China, but with Europe as the "steel tariffs" will hit Europe

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Trump is not taking his responsibilities seriously: Paul Krugman. Wikimedia Commons
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  • Paul Krugman criticises U.S. President Donald Trump
  • Paul Krugman is a Nobel Prize winner
  • Paul says Trump’ actions can cause a war

Criticising the US President Donald Trump for his protectionists policies, Nobel Laureate Paul Krugman on Saturday accused President Trump of not taking his jobs seriously. Following the protectisists measures taken by the US President, there could be “risks of disruptive trade war”, he said.

President Donald Trump has pledged to avoid any new foreign business deals during his term in office.
President Donald Trump is heavily criticised. Wikimedia Commons

“He does not take the job seriously. He doesn’t say to himself that I am the most important official in the world; I have better do my homework for understanding the issue. ..He just goes that these are my gut feeling and hires people who make him feel good…that is a frightening prospect,” Krugman said responding to a query on his perception on Trump. On the economic issues President Trump’s gut feelings are “protectionist” and his views of America were “50 years out of date”.

“He wants America a heavy industrial country in the way it was when he was a young man. That is not just going to happen but he attempts to make it happen, which is extremely disruptive to America and to the global as a whole,” Nobel Laureate said. Krugman said he was until recently optimistic that Trump’s protectionist policies would not see the light of the day.

“Until about two weeks ago, I was quite optimistic that it would not happen. The reason was not because the President would get good economic advice but because the US businesses are invested in a globalised economy. All the investments the businesses have made is based upon the assumptions that the open trading system would continue. There is an enormous amount of fiscal capital and a large number of jobs are dependent on these value chains,” he said at the News18 Rising India Summit here.

Also Read: Trump Not Backing Down on Steel, Aluminum Tariffs

Krugman further said: “I had assumed the influence of these business communities would be sufficient… that it would not happen. I am less optimistic now…we have seen reasonably sensible Economic Council Head was fired, completely irrational tariff (was) imposed on steel and aluminium.”

The President also called for more mental institutions and hospitals in addition to the idea of arming teachers.
Krugman says these actions of President can cause a trade war. Wikimedia Commons

According to him, immediate issue is going to be confrontation not with China, but with Europe as the “steel tariffs” will hit Europe. He said there are possible risks of “disruptive global trade war”.

Speaking on Chinese economy he said, “China is a financial crisis waiting to happen. China is a widely unbalanced economy…the country is sustaining itself with a credit bubble that is waiting to burst…There is a significant risk of Chinese bubble burst.”

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Avery Ranch Golf Club Is the Pride of Central Texas

With everything the Avery Ranch Golf Club has to offer, why choose anywhere else?

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Avery Ranch
The club has a fantastic view of Brushy Creek and other beautiful areas nearby.

The Avery Ranch Golf Club, in central Texas, is a renowned golf course that hosts yearly tournaments. The ranch is consistently one of the best rated sites in the state thanks primarily to the great course conditions, fabulous local attractions and accommodations. Many companies and fundraising organizations use the course because of the locale and hospitality. Avery Ranch’s local golf tournaments are an experience to remember.

The Avery Ranch Course was designed by Andy Raugust, former architect for Jack Nicklaus. At Avery Ranch, golfers can enjoy the rolling hills, panoramic view and a 50-acre lake, all on an 18-hole course. The course can be a bit of a challenge in the beginning, but it ends with a 477 yard 4-par on the 18th hole.

There are many benefits to using Avery Ranch Golf Club, with the group benefits being among the best reasons.

Avery Ranch
Call them today for additional details. A convenient online store is also available.
  • Enjoy reduced rates on green fees, range balls, cart fees and practice facilities.
  • Onsite food and beverage liaisons will help you and your guests with banquet room accommodations after play.
  • Full service restaurant for your catering needs.
  • PGA golf assistants will help with pairings, room assignments, charts, court set up and scoring.

The Pro Shop offers the highest quality equipment and apparel in the area. Find some of the best gear in the business by Nike, Titlest, Under Armour, Addidas, Foot Joy and much more.

The practice facilities are complete with a two-tiered Tee Box with manicured grass. The box measures 100 yards wide and 75 feet deep. Two separate putting greens, with over 20,000 square feet of area, are available for your short game. The area is maintained to duplicate course conditions.

 Avery Ranch
The Avery Ranch Course was designed by Andy Raugust, former architect for Jack Nicklaus.

The onsite Sunset Bar and Grill overlooking Avery Lake offers scrumptious burgers and fries, as well as appetizers, entrees and salads. Enjoy cold beer on tap and choose from a long list of other alcoholic beverages. The grill can also be rented out for corporate events, parties, weddings and other private activities.

The Player’s Club is a great option with two membership levels, giving you the opportunity to work on your game according to your schedule. There is a Bronze Level and a Silver Level that you can enroll in based upon the benefits you need. In the Bronze Level, the player has unlimited use of practice area at a small monthly cost with one free golf round per month. Bronze members also receive a 20% discount on any additional green fees, tee time reservation for five days and two free beers after each round. The Silver Level has the same benefits as the bronze level, but with two free golf rounds per month rather than one. The Player’s Club also offers discounts and state of the art chipping, putting and pitching areas for your convenience.

 Avery Ranch
The practice facilities are complete with a two-tiered Tee Box with manicured grass.

Make your dreams come true with a fairytale wedding at the Avery Ranch Golf Club. The club has a fantastic view of Brushy Creek and other beautiful areas nearby. Your wedding will take place at the 4,000 square foot Lakeview Event Center which holds 200 guests. The Lakeview Room is also equipped with a private, tree-covered deck that overlooks the Infinity Pool. The Sunset Club House, which holds 60 guests, is the perfect place to hold your reception.

With everything the Avery Ranch Golf Club has to offer, why choose anywhere else? Call them today for additional details. A convenient online store is also available.