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Politics : The Trump Presidency -- Ignore unavailable to you. Want to Upgrade?

To: i-node who wrote (115555)	3/24/2019 8:28:50 PM
From: combjelly	Read Replies (1) \| Respond to of 361645

I read a post from right after Trump took office where you were saying it couldn't be done. I didn't say that. I know you are a follower of Goebbels, but repeating a lie doesn't make it true. What I said then, said later, and say now is that 3% growth or greater cannot be sustained. Sure, you can have one or two quarters, but it always drops down. If for no other reason, all of the wealth and income is concentrating at the top and consumers just can't sustain that level of spending for very long. Sure, there was hope that the tax cut was going to result in greater hiring and generally driving wages up, but that didn't happen. As I and others told you and you refused to believe, the tax cut went to stock buybacks and executive compensation. You were told. You rejected that. You were wrong. Period. Wrong. Like pretty much everything having to do with the economy. No, I didn't mention employment. Which has been weakening lately. Not a good trend either. I never said that a yield inversion causes a recession. It is a good, but not perfect, technical indicator. It means investors are getting queasy. They don't always get it right, though. So yeah, it looks as if this year will see anemic growth. Next year could be a recession or the start of one. And what happens next year? Oh yeah. The election.