DJIA begins a bumpy ride down
The George W Bush Economic collapse began in August 2007. The markets finally hit bottom 18 months later in February 2009.
Last time the markets crashed and the economy slid into a recession, it took a year and a half, and the election of Barrack Obama in 2008 to begin to turn things around. If we are entering a similar Republican economic cycle, we’ll be seeing layoffs and downsizings through February of 2021.
Been awaiting a crash or downturn for a good while here, I see it as inevitable and overdue, suspect we will see more signs in short order. As noted by many we’re in no shape to deal with it having given away the store to the rich, yet again, with a massive deficit inducing tax cut. If it comes it’s the end of Trump in 2020 with the possibility of many Republicans following him down to defeat.
Tax Cuts -> Profit Taking & Asset Stripping -> Cash Hoarding/off shoring – >Economic slump
I’m no economist, but this isn’t hard to figure out.