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Even the most unsophisticated investor knows that the market hates instability. This president is mentally unstable and his trade talk bluster coupled with unbinding regulations that protect Americans from predatory banks is going to ultimately sink the economy.
We've been in a trade war with countries (mostly in Asia) that practice what is called "adversarial trade." Classic example is Japan Inc.'s dumping TV sets into the USA to drive out American manufacturers. This is well documented and was aided by none other than Robert Strauss who was the head of the democratic party.
Even the most unsophisticated investor knows that the market hates instability. This president is mentally unstable and his trade talk bluster coupled with unbinding regulations that protect Americans from predatory banks is going to ultimately sink the economy.
Wrong, a massive and probably inevitable liquidity crises is likely to sink the economy. That combined with the disparity in wages between the US and developing nations and the replacement of labor capital with technology, will result in long term economic consequences.
And instability? Are you kidding me? What was the previous administration doing to stabilize the economy? Do you think doubling the debt was a great idea if you consider that de-dollarization is growing and will eventually lead to a bankrupt economy left behind by your generation and its hypocritical excess?
Oh, that's right. In one of your other threads, you apparently supported the previous administration's disastrous foreign policy of maintaining the petro-dollar as the status quo, resulting in millions of civilians being murdered by fundamentalist regimes.
Additionally, isn't the efficient market hypothesis supposed to apply to equity markets? It's kind of hard to do this when central banks are directly involved in the purchase of equities, don't you think? Is that what you call stability, an equity market that can be gamed?
I'm so happy that my entire future is dependent on a 401k that is subject to the whims of political objectives. Thank you for that. I'm so happy that we won't have social security when I reach "retirement age."
Wrong, a massive and probably inevitable liquidity crises is likely to sink the economy. That combined with the disparity in wages between the US and developing nations and the replacement of labor capital with technology, will result in long term economic consequences.
And instability? Are you kidding me? What was the previous administration doing to stabilize the economy? Do you think doubling the debt was a great idea if you consider that de-dollarization is growing and will eventually lead to a bankrupt economy left behind by your generation and its hypocritical excess?
Oh, that's right. In one of your other threads, you apparently supported the previous administration's disastrous foreign policy of maintaining the petro-dollar as the status quo, resulting in millions of civilians being murdered by fundamentalist regimes.
Additionally, isn't the efficient market hypothesis supposed to apply to equity markets? It's kind of hard to do this when central banks are directly involved in the purchase of equities, don't you think? Is that what you call stability, an equity market that can be gamed?
I'm so happy that my entire future is dependent on a 401k that is subject to the whims of political objectives. Thank you for that. I'm so happy that we won't have social security when I reach "retirement age."
What exactly is it that you support?
You are speaking well over the heads of the people like the OP.
These people actually believe Obama "fixed" the economy. They don't understand that the stock market is a giant bubble that is going to burst (no matter who won the election). They don't understand that globalism is a game that the developed world cannot win, and that it is a race to the bottom. They don't understand that a return of even historic norms in the interest rates would bankrupt the US because of our debt. And they sure don't understand that the USD is not going to remain the world's reserve currency forever, and what that means for our future.
Trying to explain these things to people like the OP is like trying to explain it to your dog, it's a complete waste of time.
You are speaking well over the heads of the people like the OP.
These people actually believe Obama "fixed" the economy. They don't understand that the stock market is a giant bubble that is going to burst (no matter who won the election). They don't understand that globalism is a game that the developed world cannot win, and that it is a race to the bottom. They don't understand that a return of even historic norms in the interest rates would bankrupt the US because of our debt. And they sure don't understand that the USD is not going to remain the world's reserve currency forever, and what that means for our future.
Trying to explain these things to people like the OP is like trying to explain it to your dog, it's a complete waste of time.
You are the blind correcting the deaf , dumb and blind.
There is no national debt. There is simply printed money that is either interest bearing or non interest bearing. As Marx observed, the "national debt" is for use of the wealthy.
The state-creditors actually give nothing away, for the sum lent is transformed into public bonds, easily negotiable, which go on functioning in their hands just as so much hard cash would.
As stated by me, many years ago, inflation is held in check by taxes receipts, not interest rates.
With Mnuchin, the former head of Goldman Sachs, as Sec. of Treasury, I don't think Wall St. is gonna worry all that much about the surly child in the White House. At least, just yet.
But Trump can scare off investors. And if he scares enough of them badly enough, Wall St. could take a dive. It wouldn't last, though, I'm sure, unless everything else is also going to hell in a handcart at the same time.
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