This is why the Federal Reserve must prop up the stock market and engage in QE at all costs.
Raise interest rates at all, have any kind of economic decline - and America’s leftist cities and states are going straight to insolvency. Yeah, Yeah, I know States can’t go “bankrupt.” I don’t know what they will call it when they stop paying their bills, but just watch and see.
Interestng.
I wonder if it gets that bad as you say, Trump executive order, with okay from Supreme court, to appoint fiscal republicans as Mayors, Governors,etc. This to SAVE the UNION and free the slaves(Taxpayers).
This is the second, widely disparate, forum I have seen this analysis on in two days.
And, I agree.
BUT, the leftists fight against Trump when he wants to do this and fight against the very policies that will increase the stock market. Almost as if they have a death wish.
The low interest rates are part of the problem in another way - the pension investments are generating enough income.