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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: RetiredNow who wrote (1124783)	3/16/2019 11:14:31 AM
From: rxbond	Read Replies (2) \| Respond to of 1575706

I don't have much to say about Gundlach. He has some pull because of his experience, but he is like any other schmuck, in his field, trying to predict wall street and perhaps to some people, contemptible. Trump came into office with a huge US debt dilemma with little wiggle room for discretionary spending. Even before he took office debt to GDP was projected to rise. The interest on debt and rising cost of mandatory entitlements is taking much larger chunk of the budget. So what does one do? Well, find a way to continue making minimum payments to sustain ourselves, much like we do on credit cards. Trump walked into the oval office facing the most daunting fiscal situation, perhaps more than any other president. The mounting debt, which is on autopilot, is projected to go even higher. But as important , America's growth was at ZERO!! and was facing another recession in 2017 or 2018, in an ZERO percent interest rate environment. High debt and certain to climb, no matter what, plus economy essentially in a recession. Raising taxes or cutting down on spending is a very dangerous path to take. They told us 1 percent GDP is our new normal..remember?? Our Debt to GDP actually took a dip in 17. I think we are just getting started.