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Webmaster: Joe Bottieri
NOTE: much of the content was NOT written by me. Credit is noted when the originator is known.
My economic prediction!
Monday, November 30, 2020 3:19 PM
November 20, 2020:
All is well with the stock market. For those of you who don’t care about the stock market, you’d better understand that as it goes, so goes the economy.
The economy shows promise and will recover and expand nicely on it’s own if left alone. However, the Democrats and Biden’s picks for the Fed and Treasury will kill it.
The economy as it booms along will give the greedy bastards an excuse to raise the Fed rate several times (because of inflation they will say) and as they always do, they will raise it too high for too long and we will go into a recession. Home sales and car sales and all other big ticket items will slow because of the cost to finance them. It will probably take a year for all that to fall in place, and it will.
Two years from now the Democtatic Party will lose big-time.