Posted on 04/05/2016 6:09:10 PM PDT by Lorianne
The bottom line is that there is difference between theory and the real world.
Economists do not live in the real world.
And the clincher is that they have been wrong for the last 70 years.
Or another way of putting it is that you have to accept what the world really is rather than continuing to believe that it is what you want it to be.
It was just announced yesterday on Drudge that the trade imbalance increased again by a substantial amount. That is the real world. Economists keep telling us that it will get better, that is more favorable.
It keeps getting worse. So much for economists ad theory.
You do not create wealth unless you are making or creating something.
If a Repub is elected President in November then the “experts” will start to suddenly discover economic turmoil that magically just suddenly appeared.
Trump seems to hate the stock market, but the single best thing a young person could do to achieve financial independence and a secure retirement is to start accumulating dividend paying stocks of solid companies, and keep them for 30 years.
This is another example of Trump engaging in reckless campaign rhetoric, as a means of attempting to scare or intimidate people into voting for him. Only he can prevent the imminent financial apocalypse. Yeah, right.
So Trumps ‘exaggeration’ gets the economists & their media-mouthpieces to admit that their own numbers are phony. I like the strategy here.
The irony of this article being posted right above the one titled “Economy may not have grown at all in first quarter”
Where was the recovery from the last recession? I sure haven’t felt any recovery...
Fox had someone on today quoting economists talking about the upcoming recession. They reported this as normal news. No mention of how Trump had said this a couple days ago... because when Trump says it, he’s wacko. But when an economist says it, it’s news.
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