Higher it goes, the harder the crash. Wonder if lots of small-time Trumpet investors are buying now — if they lose their retirement savings, the 2018/20 elections will be blue as the sky.
it’ll be interesting to watch because tax cuts aren’t coming until after health care and the great wall of America.
I’m predicting a recession based on depressed confidence induced by unmet expectations.
I will qualify however that the stock market is detached from the overall economy in that over 40% of the SP500 sales come from abroad. So as long as the global system works, large corporations and global citizens will do well.
Wouldn’t $1 trillion infrastructure cause the deficit and debt to shoot up? That’s more the stimulus of 2009. And are the projects shovel ready or will the money be spent on consultants?
Not saying it should not have been done before, just saying he might actually do it and get away with it sort of like Reagan.
What was it Reagan used to say, the nation debt is big enough to take care of itself LOL.
Anyway we really need to fix stuff, maybe add some metro trains, the High Speed rail is just a complete waste however IMO, they should put it up (High Speed rail) for another vote and see how popular it would be now!! LOL.
HSR isn’t a bad idea, it’s just being badly mismanaged by the state of CA.
Here’s how it should be done:
(1) Solicit bids from existing, experienced contractors (SNCF, cough, ahem) for fixed-price contracts.
(2) Convince the Feds to allow a waiver to allow use of world-market trains, not US regulatory-specific overweight junque. Should actually be EASIER under Trump.
(3) Start building north from San Diego and south from San Francisco.
(4) Use existing routes when possible that can be bought out, electrified, and elevated if needed.
