It could get a lot worse before it gets better. Then again, it could come with a ’yuge silver lining if it contributes to the end of the current US administration.
Could it be that the strong market was artificially high, due to tax cuts and stock buybacks? Stock “buybacks” were considered a form of stock price manipulation and were illegal before 1982, when Reagan Republicans changed the rules. So if you measure the success of your administration on the stock market alone, why not dabble in price manipulation… Like the Bush/Cheney administration, Trump will dismiss concerns over the National debt to supply Wall Street with tax cuts, deregulation at the price of safety and the future of the environment, in order to keep the house of cards standing until it falls from its own unstable design.
Daeder over 4 years ago
It could get a lot worse before it gets better. Then again, it could come with a ’yuge silver lining if it contributes to the end of the current US administration.
Radish the wordsmith over 4 years ago
This is what happens when you think your growth economy will go on forever and therefore you have no need to plan for disaster.
Michael G. over 4 years ago
Italy is going to go down the tubes soon. Then, the economic basket cases of the EU will fall like dominoes.
feverjr Premium Member over 4 years ago
Could it be that the strong market was artificially high, due to tax cuts and stock buybacks? Stock “buybacks” were considered a form of stock price manipulation and were illegal before 1982, when Reagan Republicans changed the rules. So if you measure the success of your administration on the stock market alone, why not dabble in price manipulation… Like the Bush/Cheney administration, Trump will dismiss concerns over the National debt to supply Wall Street with tax cuts, deregulation at the price of safety and the future of the environment, in order to keep the house of cards standing until it falls from its own unstable design.