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And over 30 major retailors will be making major cut backs on their chains or closing completely this year, Kellogg's is even trimming down, 400 going here in Texas. Not to mention that the job market is the same if not worse than it has been. Clue, the Stock Market is not a true indicator of a strong economy and as we all know, a great market tonight, can be in the crapper by morning.
Scary stuff. This is one of my top worries about Trump, second only to nuclear war. His incompetence will cause other countries to question the stability of the United States and foreign investors will pull their money out. This will lead to a collapse that will make 2008 look like the good ole' days. It's why it's important to have a leader who is competent and can display confidence to the nation and to the world. Policy aside, his unorthodox way of being President is a danger to our economy.
If I was a conservative, I would be begging for Pence. As a liberal, I am still thrilled with the prospect compared to what we have now.
Did I say that it did? On that, I would have to do more research, but I can see why some might believe putting some of their assets in a safer place than a US bank might feel like the prudent thing to do.
Reserve currency status;..... repeat after me.....reserve currency status.......risking that being questioned today is not the smart thing to let happen. Lose it tomorrow and the U.S. is royally fugged!
Did I say that it did? On that, I would have to do more research, but I can see why some might believe putting some of their assets in a safer place than a US bank might feel like the prudent thing to do.
Just like those who flocked to buy gold because Obama was going to be the 'fall of the US', this article of fear mongering is on the same level. It's not necessarily going to hurt someone financially (and buying gold did not either) but it's largely unnecessary.
Ah, fear mongering and masking it as market advice. Good times.
They were predicting 2008 well before it happened. Back in early fall 2007, they were saying brace for a collapse. Most business journalists were getting the hint that a slowdown was coming but a lot were saying we weren't going to even have a recession.
They were predicting 2008 well before it happened. Back in early fall 2007, they were saying brace for a collapse. Most business journalists were getting the hint that a slowdown was coming but a lot were saying we weren't going to even have a recession.
There was data to support the collapse although somewhat well hidden at times (on purpose...grrr). But this is not the same. This is political opinion masquerading as market advice. It's poorly formed, it's no different than the Chicken Littles during Obama's term and there is no hard data to support any such 'advice'. It's fear mongering - that is all.
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