I said before the election that our financial problem is too big for a human solution and that resurrecting Reagan to be president would not fix it. So, I was happy that Trump was elected, but I still see us as completely collapsing within the next one to three years. Maybe more, but not much more.
You can’t just kick the can down the road forever. Every time you kick it goes a shorter distance. And eventually the public catches on and the whole party reaches critical mass. Some very respectable financial prophets have predicted this and are, themselves, amazed at how long the powers that be were able to stave off the inevitable. So I don’t blame trump. And you now know why I bought this farm in 2008 - two weeks before the election - And I expected McCain to win. Obama’s election sealed the deal for me to move here permanently.
And the seeds of this were planted in the spring of 2008. And a symptom is the stock market that completely detached itself from the the economy.
I like trump, but this thing is above even his pay grade. I’ve been expecting it, though I’m not sure this is “it”. But it’s the reason we raises chickens.
I think when it’s all said and done with this current monetary/fiscal track we’re on, the inflection point will go back to ‘87 with Greenspan’s rescue of black Monday. The system just expects it now, free lunch mentality, but central banks are slowly getting boxed in after 30 years of it. Back then interest rates were around 10%, and total debt (fed, state, personal) to GDP was reasonable, plenty of room to financial engineer some credit expansion, different now.