Wednesday, December 19, 2018

If The Economy is Healthy Why This Warning From Alan Greenspan?

Good Day World!

I admit to being somewhat confused on how healthy our economy is right now.

Mixed messages about how well we're doing have become as common as flies in a butcher shop. 

Are we okay, as the Trumplicans claim? Or, as Alan Greenspan said yesterday, "...the party's over at Wall Street."

The former Federal Reserve chairman who famously warned more than two decades ago about "irrational exuberance" in the stock market doesn't see equity prices going any higher than they are now.

He flat out warned investors the "correction will be painful" and "run for cover."

Meanwhile, Trump is in his campaign for 2020 mode and his manager came up with a one-minute ad that reads like "Alice in Wonderland."

Trump's campaign manager is telling viewers;

"We have a booming economy, historically low unemployment, including the lowest unemployment rate for minorities in history."

After sorting through the falsehoods it's apparent Trump will be running an alternative universe campaign for his clueless base.

Let's set politics aside for a moment to see how the U.S. economy is really doing.

Today the Dow Jones Plunged 352 points after the fed rate hike. The Dow sunk to its lowest point this year. 

After considering the above articles it's apparent we're on the edge of a cliff with some bad indicators for 2019.

Don't expect Trump and his minions to change their tune about the economy despite these facts. They'll continue with alternate facts as long as their base responds positively to the lies.

As far as I can tell, the economy is in flux right now, with the ability to continue to go backward in the next few months, hinting at an upcoming recession.

Time for me to walk on down the road...

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