Originally Posted by
Softheborder
I disagree AND hope I am wrong. This self induced black (*****) swan destruction of the economy is just getting started. It could easily be as bad or worse than the super recession and associated 30% schedule reduction. I think we’ll absolutely see not only displacements, but “what’s a SIL’s” and early outs…. And that’s the best case scenario. We’ll learn more soon…. And like I said…. I HOPE I am wrong. Less & less time to recover from this shizzle before retirement….
I respectfully submit you will be happy to be wrong. This is needless panic. The fundamentals of the economy are strong. The stock market (which is NOT the economy) hasn’t
crashed, it’s back to where it was roughly a
year ago. The market was due a correction, and this precipitated it.
Stolen from an old friend who is a MBA and the CEO of a moderate-sized wealth management corporation. And, he is
no fan of the current administration.
“The US has the 13th LOWEST Exports-to-GDP ratio in the world, and the 5th LOWEST Imports-to-GDP ratio in the world. The US is the most economically independent nation in the G20.
When it comes to trade, other countries need the US a helluvalot more than we need them. So no, the sky is not falling, even if the market is.”