Memba when Paul Krugman predicted a global recession after Trump Won?

Robbie3000

Robbie3000

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I was hoping the market would rebound to February’s high so I can move most of my portfolio to bonds.

Downturn might be starting earlier than I thought.
 
DonFrancisco

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Social issues and TRYING to cause instability will always weight an economy down.

Plus the rash of large retailers closing had a cascading effect on the economy.
 
Futuristic Eskimo

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Robbie3000 said:
Add to it 1 trillion dollar deficits.

:mindblown:



Trump overlaveraged the country like he did his Casino businesses in Atlantic City.
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Current fiscal policy is an economic tailwind right now, so I wouldn't agree with that. The selloff is largely being driven by financial market dynamics (pricing in more rate hikes, Chinese economic slowdown causing investors to be more risk averse, dollar strength, etc).

You could make the argument that the tax cut is leading to a quickened pace of rate hikes, but this is a problem that is going to manifest itself more in the longer term with the government losing control of the treasury market at some point.
 
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