None of these things you listed would destroy the economy. You can’t seriously thing there is a remote possiblity the economy is DESTROYED this month, right? Let alone a “good chance.”GrumpyCatFace wrote:There's a good chance it happens this month, actually.StCapps wrote:So the only way Trump loses to Elizabeth Warren is if the economy is destroyed before 2020. Sounds like her chances are pretty remote to me.GrumpyCatFace wrote:It will, after they destroy whats left of the economy. Mark my words, she'll be a frontrunner in 2020, unless someone else takes a stronger view. The pitchforks will be raised.
BofA and Citi just called out the Fed Put publicly, Gov Shutdown Showdown happening next Tuesday, Fed expected to raise the rates Wednesday, and FCC vote on NN Thursday.
Shit is happening at a rapid pace.
The biggest overall worry is probably the general inexperience of the Fed chairs right now. With the Fed deciding to sell their securities now that quantative easing is finished it’ll be interesting to see how the Fed Chairs handle this period of growth.
Also the performance of Uber and Tesla are going to be hugely impactful in determining whether we may have another tech bubble like the early 2000s. But judging by Tesla’s major production output failures they’re going to quickly destroy any star-eyed investor dreams before they happen.
But yeah the economy is in a pretty solid position now and you’re the first person I’ve read that considers this to be “near crash” territory.