I’m no economist, but my trick knee is telling me a 2008-type recession storm is on the horizon. All the signs are there:
The national real estate market has slowed. Banks are loaning money to individuals and corporations who aren’t likely to be able to pay it back.
Skyrocketing individual and corporate debt
No financial controls
Tax cuts for the 1%
Interest rate hikes
Lame-brained fiscal conservatives and businessmen who couldn’t care less about the common good running the economy. Come to think of it, if I were an economist, Trump would have another reason not to listen me.
Like scientists, lawyer, and military leaders, economists usually know what they’re talking about and Trump never hears them.
Fred Malo Jr.