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Leading economic indicators were down here last month.
Leading economic indicators are down in Germany, France, and Britain.
Treasury yield curve is almost flat
Gold is up since December
If Trump's economy falters in the third quarter next year, the media will be on it like white on rice.
And focus on all the wrong things. Trump is not responsible for one occuring. He IS responsible for the situation going in, and how badly in debt we are going in. And how well we deal with it. But the focus will probably be on the "why did this happen who is to blame".
Things that are Trumps fault:
His tax changes and spending increases that he has driven and allowed will have us in even more debt when a recession occurs. He should have raised taxes, not lowered them, and worked on paying down debt. Because of this deficit spending will be even more harmful and hard long term.
The trade wars, and political failings internationally will damage our ability to negotiate the resulting worldwide recession-making it a harsher recession then needed.
We will flounder while trying to deal with it. Trumps cabinet does not represent expertise in solving problems, they represent far right views with economists whose opinions do not reflect reality. The handling will go poorly.
If Trump survives impeachment attempts, AND somehow wins a second term, I can guarantee Republicans will own a truly bad recession. That normally would be mild.
Look at the number of adults who have enough money saved to cover $500 repair bill, $1k medical bill, or 6months of savings in case they lose their job. It's a fraction of the adults who should have it.
Now look at GDP growth for the last 10 years. It's middling.
Our society right now consists of the vast majority of earners spending practically every dollar they make on goods and services for the economy... And the best we can do is 3% GDP growth? We are f*cked. One downturn is going to exacerbated by the fact that our current society can't handle a momentary interruption of cash flow. We will fall like dominoes.
If Trump survives impeachment attempts, AND somehow wins a second term, I can guarantee Republicans will own a truly bad recession. That normally would be mild.
And most people will probably be fine with it as long as it makes the libs cry.
The Democrats, and their far left followers desperately want the economy to tank, unemployment to surge, and American citizens to suffer in general so Trump is not reelected. They hope for disaster in every facet of society and the economy just because Hillary LOST. It is punishment and retribution for Trump winning. Well, get over it. He won, the economy is doing great, people are working, and consumer confidence is at very high levels.
The Democrats, and their far left followers desperately want the economy to tank, unemployment to surge, and American citizens to suffer in general so Trump is not reelected. They hope for disaster in every facet of society and the economy just because Hillary LOST. It is punishment and retribution for Trump winning. Well, get over it. He won, the economy is doing great, people are working, and consumer confidence is at very high levels.
Found the guy who never took a economics class. This isnt about who is running the country. This is about how capitalism works.
The EU looks worse than expected at this point. Asian markets are jittery on slowdown fears. Most economic news of late has been lukewarm at best. The US won't be spared in a global slowdown. We are all in this together now.
Found the guy who never took a economics class. This isnt about who is running the country. This is about how capitalism works.
Supposedly, AOC has taken many economics classes. Allegedly, she graduated with a degree majoring in economics from a reputable school. So obviously, taking an economics class or two, or even getting a degree in economics, doesn't make you an expert in much of anything.
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