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>> No.10584362 [View]
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10584362

the next recession will probably be caused by some combination of the US federal reserve continuing to raise interest rates to keep inflation steady (which is their prerogative and absolutely the correct thing to do, in any case), deregulation and greed leading to malfeasance by the financial sector (over-leveraging and liberal or outright fraudulent lending policies), the trade war (basically the most obvious unforced error in history), along with a total lack of government willpower or ability to combat falling spending and employment with stimulus due to debt.

i think i'm one of the only people here who liked obama and thought he was a steady hand on economics, and was hoping whoever the fuck the next president was would leverage the continuing economic recovery to further reduce the deficit and maybe even get us back to a surplus. that is now a complete lost cause. i have no idea why anyone thinks the time to cut taxes is with 4.5% and falling unemployment and inflationary pressure lurking. adding the trade war on top of that is likely to cause a lot of problems. we will see. i'm not selling my stock but all my new money is going into bonds to hedge. might get crushed there if yields spike. don't see safety anywhere really.

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