That was with a STABLE president who had been in office for 7 years at that point, Yellen yellin' about nothing, etc etc etc, global growth showing all signs pointing GO... What I tend to wonder is... Is there a NEED for a recession? Why does it HAVE to happen every so often? What is wrong with slow and steady growth over hundreds of years?
The same reason there is no investment that has grown 1% per year real compounded since the time of Christ
Is that a fact (serious question, I don't know if there is any tangible data going beyond the middle ages)?
HAHHA, say that to the Vatican! Probably one of the richest coffers on earth, because they are exempt from tax!
ROFLMAO....things must be pretty shakey if Mr T can accomplish all of the above by complaining about Fed...slapping on a few tariffs..pouting over a supposed imaginary wall...pulling out of pipsqueak syria...and firing somebody who doesn’t agree with him....so on and so on....Mr T caused all the problems? Good grief...give me a break! If it was a long time coming then doesn’t that well.. kinda of well..shall I say...shift a tad bit (or alot) of the blame off Mr. T? Probally best to start pointing fingers at events around December 23, 1913. Then add interventionism and globalism...ah yes don’t forget ....a populace that has their head screwed on backwards. PS don’t forget the armchair ..not so bright...no common sense...economists we have spouting off their useless rhetoric in the ivory halls of our universities. Let us see. Did I miss anything? Oh yes, someone will undoubtedly shift a large part of the blame onto the so called “deplorables”.
Now Fedex! A stable president? Don’t you know WHO creates recessions? Their name starts with F........ However..in spite of it all we aren’t in a recession...yet.
Let's see... the Fed decided to unload their balance sheet, in the Fall of 2017, that expanded from QE years, interest rate (real) finally looks like it's getting out of negative territory, political uncertainty(including China trade wars), high PE ratio than historical average in the markets, what else did they usually look at for needing a correction? The unlimited money printing ended (or paused? who know what they will do) so there isn't enough money to push the market higher is how I see it. Trump probably just aggrevated it and made the future look uncertain, rather than full on cause it.
As long as Petro dollar remains, nothing changes fed can print to unlimited. Oil will be weaning down in demand and supply going forward tho. It'll be at a ugly cross road in 20-30 years, likely ending in military stuff