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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 457.82+1.3%Jan 23 4:00 PM EST
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To: Cogito Ergo Sum who wrote (137807)1/4/2018 12:01:15 AM
From: louel1 Recommendation

Recommended By
Cogito Ergo Sum

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Tax cut will be approx. $40 to $50 a paycheck on average. $90 bucks per month Each family singularly, not a great amount. But add that up over the working population in the USA and inject the combined amount into the economy it is tantamount to a QE program. Like a church collecting Tythes from each parishioner of a large congregation. Jim Baker & Tammy became Millionaires doing so. Before the hammer came down.

Home sales and escalating prices are ok if the growth is based upon need by population growth, natural home replacements or disaster generated building. New construction needs products generated from raw resources. Cement, Lumber, Copper, Gyproc, roofing materials ect.

When price escalates due to existing home rotation due to flipping, cheap or over mortgage like what took place after Bill Clinton signed the US Housing act into law in 1996. Forcing lenders to give mortgages to people they knew who's incomes could not afford it. Plus flippers took advantage of the easy money. pushing up home prices fictitiously.

Then came the GBLA in 1999. Opportunity for greed set in. Combined It took only a few short years to snowball and destabilize the financial community. Resulting in the asset backed paper crash of 08.

No politician from either party would sound the warning They were to busy looking after their own pockets. If it did crash, most knew they would still collect a check. Unlike so many that were financially devastated.



forbes.com

Perhaps another crash on the horizon. But not till post 2020.
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