Great piece again, Tim. We all know the old jokes ("Peter Schiff and Zerohedge have predicted twenty of the last two recessions..." etc) but this debt madness is surely entering its final stages. If Biden is re-elected then US government debt will reach $50 trillion within his 2nd term, that's a certainty. But what's ignored is that Trump is fundamentally a big government spender as well and the last thing he's prepared to risk is the economy going south on his watch. Result...America is screwed whoever is in office after the election. My own personal bet is the Dow below 20,000 within 3 years...and I wouldn't rule out 10,000.
Wonderful post and perspective Tim. I think that I will get a large sign laminated where I can see it:
Well, nobody promised you a rose garden. Man up and go bag a tiger.
Great piece again, Tim. We all know the old jokes ("Peter Schiff and Zerohedge have predicted twenty of the last two recessions..." etc) but this debt madness is surely entering its final stages. If Biden is re-elected then US government debt will reach $50 trillion within his 2nd term, that's a certainty. But what's ignored is that Trump is fundamentally a big government spender as well and the last thing he's prepared to risk is the economy going south on his watch. Result...America is screwed whoever is in office after the election. My own personal bet is the Dow below 20,000 within 3 years...and I wouldn't rule out 10,000.