To those who think I want this to happen, you're idiots. I don't want to live in an economic collapse of those proportions. It will be total chaos and war to boot. The fact is economic reality says you can not run an economy on nothing but air. Sooner or later, the consequences are going to hit. Almost all of this is because of corruption somewhere, btw.
Agree. We have yet to the full effects of unemployment and the inevitable stream of bankruptcies that are surely coming. There are also pension solvency issues rearing their heads. Our national debt now exceeds $25 trillion and the Fed's balance sheet is an astonishing $7 trillion. Our unfunded liabilities are an insane $147 trillion. What could go wrong?
Whoever is propping up the market has an unlimited amount of money.
The Fed is now buying everything in sight and has clearly become the lender of last resort. The Fed has established the Municipal Liquidity Facility to help state and local governments "manage cash flow pressures" and it will purchase up to $500 billion of short term notes directly from U.S. states. In other words, the Fed is already planning to bail out problematic states.
I have never seen anything like this.
Nor have I. The market has already recovered 7,000 points in a little over two months. Something is just not right.
Like you, the potential consequences of our fragile economic condition frighten me. I hope Trump can keep things together and get re-elected. If the Dems take over these times are going to look like the good 'ole days by comparison.
Donald Trump is going to slaughter the competition. The naysayers around here need to stuff a sock in it.
Nobody admits to being a never trumper anymore, but they have morphed into “probably not a trumper” along with all the accompanying drivel. The efforts to dispirit and Defame Donald are transparent.
Mark it down it’s going to be a political slaughter by Donald J trump.