We haven’t seen anything like this since 2008, and many believe that the economic downturn that is now upon us will ultimately be even worse than what we experienced a decade ago.
The trade war started by president Donald Trump, which is supposed to punish the Chinese, but instead, will end up hurting Americans, is still underway. But did the election results change the dynamics? The short and simple
If this reminds you of 2008, it should, because that is precisely what we witnessed back then.
We could have made much different choices as a society, but we didn’t, and now we are going to have a great price to pay for our foolishness…
Just weeks before Americans will go to the polls, the Fed has been making headline after headline with talk about interest rate hikes. And they very well understand that interest rate hikes will rattle investors and slow down
Even though Trump has criticized the rising rates, the Fed turned the tables on him, saying his policies aren’t much better.
America could have chosen another path, but it didn’t.
The month of October has historically been the worst month by far for the U.S. stock market, and it has also been the month when our most famous stock market crashes have taken place.
There is no possible way that our debt bubble can continue to grow much faster than the overall economy indefinitely. In fact, we have already been defying the laws of economics for way too long.
Things are not getting better for the U.S. economy. We continue to see numbers that we have not seen since the last recession, and it appears that things will continue to deteriorate as we head into 2019.