03-06-2017, 08:18 AM
(03-03-2017, 07:15 PM)X_4AD_84 Wrote: And right on queue the new administration (with Congress likely to follow) are doing their level best to undo the various mitigations and controls both Bush 43 and Obama kicked off.
Even if the current boom does not crash soon, at some point the overhang will be immense, simply due to bad fiscal behavior.
We'll see banks that can't pass a stress test, phony baloney corporate debt stashes, and all sorts of chicanery.
Except, this is not just a casino going bust.
If the US goes the way of the typical Trump mega leveraged crappy scheme, there is no one to bail us out.
We're due for an economic downturn now (modern business cycles tend to be 7-11 years long) and Trump's dangerous economic policies are sure to help drive the economy into a ditch. It's going to be the Smoot-Hartley Tariff debacle all over again.
#MakeTheDemocratsGreatAgain