Quote:
Originally Posted by MrBaldBastard
Today is not a crash wake up its just a correction based on rumours.
2nd fed rise is when all hell breaks loose, and clear as day Trumps policies have organised this for mid year. And even then its a nothing burger because its the rate hikes after that, and after that, and after that, and after that... that will do the damage.
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correct - the real number are not yet on the table and stockmarket professionals als always only forcast to the next movement of the curve.
they saw the hype with announcement of the tax cut.
sure that this will make a nice short time effect.
now they take their money and follow the logic rules til the next step.
dump citizens think they are now in wonderland and they will spend money like fuck.
that will still bring a great next quarter result in national consumption.
followed by:
- higher inflation - make the products more expensive and the local production smaller
- rising interst rate from march on - that makes the dollar stronger and the exports will decrease
- higher cost for production because trumps protectionism prefers the expensive production in the homeland instead buying the cheaper imprts
- another increase of local prices what will eat already every benefit from the tax cut.
- elimination of the tax cut profits for smaller and middle income in the next years. at this point smaller and middle households are already worse that they have been before.
- people with no perspective well getting sick - but they lost their health insurance
- sick and poor people will not be able to buy and the national consumption will be on the lowest level. while exports are already history because other countries jumped in the hole trump have opened.
- the big american companies will move offshore to be competitive in a global market
after all that has happend, Canada have to think about building a wall to US because the number of american emigrants will be huge.
THIS is your future your wreck of a president is building for the US citizens while he fills his pockets and get all the necessary connections to build his towers, golf clubs and corruption companies OUTSIDE the USA.
have fun !