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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (158261)	5/24/2020 6:38:37 AM
From: stsimon	Read Replies (1) \| Respond to of 219848

I suspect that the dollar will remain the world's reserve currency as a result the The President doing a Thelma & Louise with the Republican Clown Car in the November elections. This will enable: 1) The Democrats to retake the Senate and Presidency. 2) The U.S. Federal Government has unlimited taxing authority, and will use it as it did after WWII to raise taxes on the rich to reduce the Federal debt to a more manageable level. 3) The wealthy will see this coming, likely before the election, and start selling appreciated investment assets while tax rates remain low. I expect stocks will have a significant decline, well below what we have seen so far. My record of prediction is poor, so best to ignore the above and just have a good chuckle.