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2007 was a year in which the economy was still strong and the stock market was still booming, yet some very real problems with the US economy were starting to show themselves. That came after 2006 which by and large was a very strong year for the economy, much like 2017 was. My prediction is that we will see recession come into clearer focus by the end of 2018 and 2019 will be a very dark year for the economy, much like 2008 and 1929 were. I wouldn't be surprised to see the Dow Jones lose 50% or more of it's value by the time all is said and done. We could once again see the Dow below 10,000 depending on how long this lasts and how severe it is.
The tragedy is this one is self-inflicted. Had we not elected Trump, the stock market might not have overheated as much as it has but we would still be on a path towards sustainable economic growth into the next decade.
The trade war will be the event that sets off the collapse. Things are about to get bad. Very bad.
You know I did hear something on CNN about 4 or 5 months ago from economist that the market may crash in the fall of 2018 and that we may be in a recession in 2019. Who knows we'll see what happens.
There’s no question that the stock market is overheated, but I can’t blame Trump (or Obama) for that. I blame trillions of dollars of free money (and 0% interest rates) from the Fed. When every other investment is paying 0%, where else are you going to stash your cash? If interest rates rise sharply, a lot of unwilling market participants (those who are desperate for any investment that pays more than 0%) are going to head for safer investments. The exodus could trigger a big drop, but that won’t be Trump’s fault.
You know I did hear something on CNN about 4 or 5 months ago from economist that the market may crash in the fall of 2018 and that we may be in a recession in 2019. Who knows we'll see what happens.
The “help wanted” signs are beginning to appear here in the Rust Belt, so that means the top is almost in. Sell sell sell!
DEM speak: If you like your crumbs, you can keep your crumbs.
On the contrary, if Dems are allowed to take power again they'll also take all those crumbs back (PLUS more) as a Thank You to the middle class. Don't forget how they love revenge on voters, and they're completely off the rails angry at the people they don't serve.
Funny how the wealth gap hit a record high under Obama and the Dems, yet they have the audacity to complain about the wealthy.
You simply can't make up their level of BS!
The people who bot for them in here, social, media... are fools being played like fiddles.
Pelosi calls thousands of dollars per family "crumbs" while feeding her Parrots crackers.
Location: Live:Downtown Phoenix, AZ/Work:Greater Los Angeles, CA
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Quote:
Originally Posted by steven_h
On the contrary, if Dems are allowed to take power again they'll also take all those crumbs back (PLUS more) as a Thank You to the middle class. Don't forget how they love revenge on voters, and they're completely off the rails angry at the people they don't serve.
Funny how the wealth gap hit a record high under Obama and the Dems, yet they have the audacity to complain about the wealthy.
You simply can't make up their level of BS!
The people who bot for them in here, social, media... are fools being played like fiddles.
Pelosi calls thousands of dollars per family "crumbs" while feeding her Parrots crackers.
Thousands? I'm only getting back $27/week, and I make $1k/week gross
Thousands? I'm only getting back $27/week, and I make $1k/week gross
That should be around 15% of what you used to pay. Not bad at all.
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