[nathanbedford]

I have three children in college and one in high school. I have one grandchild in college and three entering college and one in high school.

I share your fear.

Yet every day I read Goldman Sachs reports that are uniformly optimistic. For example, Goldman Sachs is downplaying the significance of the 3% drop in the first quarter GDP and predicting 2+ percent increase in the second quarter and for the year.

They have been doing this since the onset of the great recession. I am fully in Donald Trump's camp but the question for me is not whether but when. Many have gone broke betting against Goldman Sachs, many have gone broke trying to time the market and I think the same caution applies in trying to time the reckoning.

I hope Goldman Sachs is right and Trump was wrong but I do not know the answer to that any more than I know which one of them is more arrogant.

[driftdiver]

The article also quotes the guy who predicted the housing collapse. He thinks Trump is optimistic.

[free from tyranny]

Fear not!
Imagine yourself, maybe an alien visitor from a dark continent or dark star half way across the universe, stumbling across the USA today.
Your perspective would be of amazement and consequently of the potential of development.
Our future can be bright. Maybe it sounds simplistic and naive to see potential when so many others see ruin and hopelessness.
But there will be tomorrow and another tomorrow. And if we only see darkness and terror then that is what tomorrow will bring.
Yes, we are about to go through massive change, but it is never to early to begin thinking about the never ending tomorrows.

[The Duke]

If America comes to its senses then it will recover. Gas may cost $15/gallon, but our sons and daughters will be commanding correspondingly high incomes. Of course those on fixed incomes will suffer horribly, but they won't be the next generation - it will be the current generation.

Of course with all that devaulation we won't be too popular with the folks sitting on all those dollars. If they can't trade those dollars for something of reasonable value then we'll be looking at World War III.