Quote:
Originally Posted by $5 submissions
What? You think DJT will be reelected?
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he donīt have to be reelected - the desaster is already sown and it will grow like weeds.
even when someone stops trump now and replace all his wrong decisions the effect will be felt over the next 20 years.
US trade deficit is larger than ever before and the local economy is booming because of loans given. while the debt of the private households in USA under obama constantly went down it rises under trump dramatically. this was exactly the situation what have cause the 2008/2009 financial crisis.
people without economic knowledge love to look at the moment and donīt think about the consequences of this situation.
the shares in dow Jones were already overvalued when obama left and today have reached a point that can no longer be explained by growth, because this growth is simply not existing and the tradebalance was never worse in the past 20 years.
trump gave billions and billions to the companies to buy their own shares back (what explains the demand). this billions he gave he takes back from the regular consumer who have to pay higher prices on nearly all goods caused by the tariffs.
this inevitably leads to a mass bankruptcy of the ordinary people. they will lose houses, cars and savings and if it should go sometime again upward they may buy back their own shares again (on new loans) and keep the companies liquid.
did someone ever think why companies should sell their shares what can make 4, 5 oder 10% profit per year while banks given credits on 2 or 3% ?
all that is already here and not a prophecy.
if one have just a small clue of how economy works can count 1 +1 together he knows the answer.
BUT - these are the good news. as trump tries to maximize his trade war it will become worse.
Q3 number will make that visible already and Q4 numbers will make it visible for the blind. Q1+Q2-2019 will show the reality - no matter if trump is still there or gone.
to put out this fire we take decades.