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The New Coffee Room

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Bad news

Scheduled Pinned Locked Moved General Discussion
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  • MikM Away
    MikM Away
    Mik
    wrote last edited by
    #1

    Of course he may be wrong, but he's pretty sharp.

    https://www.msn.com/en-us/money/markets/the-stock-market-has-peaked-and-a-three-year-downturn-is-starting-says-this-veteran-strategist/ar-AA1QSUlp

    "You cannot subsidize irresponsibility and expect people to become more responsible." — Thomas Sowell

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    • 89th8 Offline
      89th8 Offline
      89th
      wrote last edited by
      #2

      I could see it, but still think Trump will pull any lever he can to inflate the market during his term.

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      • MikM Away
        MikM Away
        Mik
        wrote last edited by
        #3

        Yes, but he can't control it.

        "You cannot subsidize irresponsibility and expect people to become more responsible." — Thomas Sowell

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        • X Offline
          X Offline
          xenon
          wrote last edited by
          #4

          We've been acting like budgets and spending your money wisely doesn't matter for the past decade. The debate over Obamacare seems quaint now - at the heart of it was a discussion about affordability and efficiency.

          There's no real policy debate any more about healthcare, a responsible level of tax, education costs, debt, etc.

          If this has to happen (which I hope it doesn't) - I'm glad it's happening during a Republican administration. It's the conservatives' responsibility to bring these sort of grown up topics to the table... not ignore them.

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          • MikM Away
            MikM Away
            Mik
            wrote last edited by
            #5

            Agreed, but that hasn't happened in this millennium.

            "You cannot subsidize irresponsibility and expect people to become more responsible." — Thomas Sowell

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