This topic contains 6 replies, has 5 voices, and was last updated by 
Crow Bar 1 year, 7 months ago.
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It is about dang time! Been hearing this since . . . 2012?
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AnonymousOnly so many levels of broke a person can go through, pretty sure I’m close to the bottom. Not a whole lot more to loose at this point.
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The day before the election, we’re on the brink of a 40% market collapse. The day after the election, the sun will be shining again. Without knowing anything further about the author, I will bet you that he is a Democrat.
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AnonymousHe is a R, former Reagan economic adviser. He has been predicting a crash for the most part of forever so it is not election related.
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At some point, this game of musical chairs will stop. It is not sustainable and the inflation we get in 2019 because of the flood of cash unleashed during the Quantitative Easing years will be really tough to go through. I have a lot of respect for Mr. Stockman, but @crowbar, we have to acknowledge that even a stopped watch is right twice a day. Best bet is to be ready regardless of who is looking into their crystal ball.
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Anonymous@ga-boy, I am not sure QE will be a cause of inflation next year. QE money has inflated the stock market, the housing market, and loaded the corporate balance sheet with debt. A crash in the stock market paired with a drop in housing prices could actually make the QE money disappear. Shrinking 401k/IRAs, less equity in the house (or being underwater altogether), defaults on corporate debt would all have a negative effect on prices. Not to mention that a downturn in the economy could see Trump tariffs being reduced because we would need cheap Chinese products and would need to bump up any export we can.
My two cents. Not that you get better info from the real economists anyway. 🙂
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@GA-Boy,
You are new here, so I shall not bust your balls too much.
But if you read any of my previous posts concerning economics, you would see that I have made more than one reference to a broken clock being right once a day. I.e. once as in on a 24 hour clock or military time.
And I reference the Magic-8 Ball vs a crystal ball.
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