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Illusory and temporary sugar high. As a business person, you should be well aware of the pitfalls of borrowing against the future - which is what our government is doing - big time:
The chickens are coming home to roost beginning next year. The erratic stock market, flat bond markets, and flattening of the yield curve are harbingers.
Suggest you look to cost-cutting now and build up your reserves. You will need them.
And, tell your employees to cut debt, live below their means, and save for a rainy day. Unemployment checks don't cover very much and, in some states, stop after only 12 weeks.
There are many stories in states affected by tariffs of business expansions now on hold, layoffs, and worse. Don't be fooled.
If you've been in business a while, I'm sure you know all these things - unless you are one of the lucky ones whose business is never affected by bad times.
We have always borrowed against our future....regardless of who sits in the oval office. Erratic stock market? We've never seen that before! Even when things are good the market can be erratic. Will everything go to hell....of course....at some point in time.
It is not just my employees who should cut debt, live below their means and save for a rainy day....that is good advice for anyone whether the economy is good or bad!
For the record I am anti-tariff. Don't believe there should be tariffs as they are just a tax on the consumer. At any point in time there will always be businesses where expansions are on hold, layoffs happen, etc. We are much better off now than we were under the previous occupant of the White House.
Bottom line, would we be better off with Hillary....I have no reason to believe that would be the case.
When you say "better off," I assume that means financially.
Donald Trump hasn't done a whole lot to impact the economy, he's just riding the success of Obama's hard work. The economy has been on a steady incline for 5 years now, even Fox News will admit that.
Hillary probably would have done the same as Trump has, not much. Let the healthy market continue to grow and stay out of the way.
Last edited by NeutralParty; 09-17-2018 at 09:22 AM..
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