Quote:
Originally Posted by Barry-xlovecam
I find it interesting that this is said by a news/opinion website that the Trump's son in law is publishing. Inside info leaked to the public domain? Harbinger of the future?
Euro-Area Economy Ended Year With Fastest Growth Since 2011|Bloomberg.com
Reagan was took office in 1981, albeit inheriting a weak economy, the 1981-1983 recession was very deep. Reaganomics and Regan's nationalist policies had mixed results. Reagan's foreign policy positions did not make America many friends in the world. Like Trump; Regan was a turncoat polititian -- a Republican of convenience or a 'born again' Republican depending on your point-of-view. Regan is 'god-like' to a lot of people especially those who are too young to remember what America was like during the bleeding of the jobless during the 1981-1983 recession.
I think if there is a Trump recession I am hoping it will be a brief and shallow one. I expect a Wall Street slaughter and I am looking forward to buying distressed assets. This is the historical pattern I have seen -- sheer the sheep and buy them out on the cheap  |
EU GDP will nose dive soon. The next Bank crash and slump are inevitable. Trump will get the blame by the media. Even if he's dead.
Decent jobs will continue to flow out of the West so we can buy those goods back in, at a slightly lower price. The lost jobs will be replaced by low wage jobs, until automation takes that job.
The growth in the economy will be enjoyed by a small minority, most will continue to get poorer.