12/14/2016 10:36:04 AM PST
· 34 of 40 catsel
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Any time you have access to “other people’s money” (e.g. the taxpayers’ funds), it is far too easy to spend that money. A prime example of the ills of socialism on display. This situation is playing out across this country with private and public pension funds in dire straits.
The economy is in bad shape. Market fundamentals are fragile—meaning a chance of a 35% to 65% correction is definitely coming. Over 94 million not in workforce. Expect an economic downturn as soon as Trump takes office so that he can be blamed. Also, in the mix is the Fed’s raising interest rated.