Trump Setting Up Repeat Of ‘29 Market Crash: Nobel-Winning Economist (prediction last year) is happening now

  • outdoorsmuscl...

    Posts: 2486

    Feb 06, 2018 1:49 PM GMT
    “The closest we can come to Trump among former U.S. presidents might be Calvin Coolidge, an extremely pro-business tax cutter,” Shiller wrote, referring to the president who famously declared that “the chief business of the American people is business.”

    “The U.S. economy during the Coolidge administration was very successful, but the boom ended badly in 1929, just after Coolidge stepped down, with the stock-market crash and the beginning of the Great Depression,” Shiller wrote.

    “During the 1930s, the 1920s were looked upon wistfully, but also as a time of fakery and cheating.”http://www.huffingtonpost.ca/2017/01/19/robert-shiller-donald-trump-stock-market-crash_n_14268676.html
    Yesterdays stock market Crash
    The edifice of global asset prices rests on one core assumption: that US inflation will remain beautifully-behaved, allowing the
    Federal Reserve to keep holding interest rate at abnormally low levels and suppress
    the world cost of borrowing.

    US Treasury debt has been flashing warnings of incipient reflation for months, with benchmark 10-year yields rising
    75 basis points since mid-September. Yields have broken out of their 36-year downtrend line. The bond bear market has begun in tooth and claw.

    What was missing was hard confirmation from the US labour market. That came with a bang on Friday when wage
    growth jumped to 2.9pc, teaching investors that the ‘Phillips Curve’ is not dead after all, and the deflationary supply-shock from China has largely played out .

    https://moneyweek.com/why-did-the-stockmarket-crash-and-what-should-you-do-now/
  • Posted by a hidden member.
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    Feb 06, 2018 9:05 PM GMT
    Duh, this quack predicted the same thing in 2015 when Obama was President.

    Hands Up, Don't Shoot. Where's the Dust Bowl this time?

    Liberals, if you think he's correct you should be returning your tax cuts to the IRS:

    https://www.irs.gov/payments

    Also remember to give back bonuses, wage and 401k contributions which your employer says were from the Republican tax cuts.

    Nobel Prizing winning Quack Al Gore said the polar ice caps would melt by 2014.

    Obama got a Nobel Peace Prize then he used drones to kill women and kids.

    Who inflated the Dotcom and Housing Bubbles: Bill Clinton

    Who inflated the Student Loan Bubble: Obama

    The crash of 1929 caused a 90% decline in the DOW, where's the crash now Liberals.
  • Posted by a hidden member.
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    Feb 06, 2018 11:19 PM GMT
    The fall and rise of the markets have little to do with person in power. The forces that drive the markets are too complex and too many to be readily ascribed to any one person.
  • Posted by a hidden member.
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    Feb 07, 2018 3:30 AM GMT
    WOW... that's a FAR stretch just to try to bash TRUMP, he is making America great again!
  • outdoorsmuscl...

    Posts: 2486

    Feb 07, 2018 1:41 PM GMT
    I will know America is Great Again when I see the scumbag piece of shit in a box with a toe tag

    snoop2f-2-web.jpg


    Eddy12free saidWOW... that's a FAR stretch just to try to bash TRUMP, he is making America great again!