“The stock markets have been over valued for a long time. Like the 1920s, people have been using credit to purchase stocks and now the market is correcting.”
So we are literally reenacting the depression era exonomics? Trump is Hoover?
Never said anything of the sorts.
The depression was caused nearly exclusively by cheap money..the result of the federal reserve.
Credit.
How much non secure debt is there within this country now? LOTS.
And eventually it will catch up to us. Hopefully not during this administrations term.
Trump is trying to head that off before it blows up. The one thing he needs to do is get control over the monetary policy.
History repeats my friend. And hopefully we dont repeat that depression.