No wonder Hillary doesn't want to talk about the economy.
We got revised GDP numbers from the Commerce Department on Friday and the economy actually did slightly WORSE than originally estimated. Growth was 1.1 percent in the second quarter of this year and less than 1 percent for the first six months of 2016. The business sector of the economy has sunk recession territory. Profits are srinking (down 2.4 percent last quarter) so how long can the stock market rise?
The consumer is keeping the economy out of negative territory, but that's only because we are spending more than we are earning.
How long can that go on? About as long as the housing bubble could inflate without bursting.
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3 comments:
Stocks will rise for as long as the Fed gives bankers nearly free money to invest in the stock market. When you're borrowing at 0.25%, which is well below the cost of inflation, you never pay it back. You invest in things with ever diminishing returns to reinflate all the bubbles in our economy. Bonds, stocks, commodities, housing, etc.
It can go on as long as the Fed is allowed to print money out of thin air. That is a long, long, time.
Hillary doesn't talk about anything except slander against Trump.
What exactly are her policies on anything?? She has not given any policy presentations on what and how she would do anything IF elected.
I believe she has NONE and will only use the worthless, ill-devised plans of oblama (blah blah, blah).
Basically, she has nothing to offer America except more lies. Haven't we heard and suffered enough lying?
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