Quote:
Originally Posted by cabmando
This is going to be a tough one to keep out of PARF but if the mail bombing thread didn't get the boot I doubt this one will as long as things stay civil.
It'll come quicker when there's political uncertainty and more gridlock in DC. Sure another recession is coming, there's no question about that. The when and the why are what we're discussing and part of the why will depend on the outcome tomorrow. We have pro growth policies at work today which is why we are about to close out our first full year of 3% GDP growth and it's why consumer confidence is sky high. The donkey party doesn't espouse pro growth policy, they believe in taxing business more which will hinder growth. The good news is, if they fail to win the Senate the House majority becomes relatively meaningless as we'll see what we did under Obama after the House win by republicans in 2010... We'll see gridlock... which will lead to less pro growth policy, which will lead to uncertainty, which will lead to less consumer confidence, which will lead to less consumer spending, which will lead to the next recession.
Decisions by the FED will be a major factor as well. From the little that I have read about the subject, we're seeing a slowing in the housing market as rates for home mortgages increase.
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The FED is going to continue the path they laid out in '15....the "cheap credit" is over....they should have started a bit earlier imo. The tariffs, if implemented as Trump threatens, will be the largest tax on the US econonomy in my lifetime....
Traditionally....gridlock is GREAT...either party in total control....nah. There hasn't been a fiscally conservative administration in DC in my lifetime imo, despite the rhetoric. Time will tell...
This doesn't need to go to PARF....I'm not looking at this through "partisan glasses" either...at least I don't think so. BOTH parties suck equally well....just different flavors of suck imo
