Me thinks you are correct.

'policies' directly caused and exacerbated it. DONE.

Tax cuts and trade wars will see to that.

I'm still convinced that many libertarian types were deeply disappointed that the recession of 2k8 didn't turn into a full on depression and that we averted a major catastrophe.

The libertarians I know, think they are on high-ground right now. Leaving NATO, pulling out of Syria - EXCELLENT. The first step in ending globalization. Government closed, GOOD leave it closed. See I told you we didn't need one anyhow...
My reply-But people are hurting, not just financially. If the shutdown doesn't end soon, their health will be impacted.
Their comeback - People will get over it, or they won't. Not my problem, if they die, it's a step in the right direction to end the overpopulation crisis as well. #winning

if they suffer, they weren't properly prepared.

Blame the victims.

his treasury secretary is another con man. so, yes, i think we can expect an economic collapse. probablt late in trump's term. i also expect it to be blamed on the democrats.

they really want to get as much of the social security money invested in a high price market, followed by a "correction" that leaves us wondering "where did those trillions go?"

blame on everyone like a fucking child, and never takes responsible. I hate him and what he is doing to everyone.

his party, his administration, and his voters are all culpable in his crimes.

Real estate has leveled and is starting to nosedive.

has been for several months now. Good that prices are going down, but we'll see.

Like apt. rents flatlining or decreasing (more capacity) and interest rates (so that a de facto price increase was added on by the Fed). Both reduce demand; house prices are elastic.

but we'll see how it develops long term.

But one made worse. Don't know about that. Economics don't even have 20/20 hindsight.

I find his expertise to be no worse or better than many others'. That he's "conservative" should have no effect on his analysis, and it's annoying that people think that one's politics properly determines such things so that a conservative dissing Trump is somehow superior and more likely to be right. Even as an appeal to authority it's pretty lame. The key thing to managing the OMB isn't writing reports or doing sophisticated economic analysis, it's managing. I worked as a translator in an office for a while; the manager's English sucked and she couldn't translate worth beans. On the other hand, she kept everything organized, had a stellar work flow process going, a systematic and efficient way of weeding out bad translators, and made sure that when work was completed it was logged and payment processed quickly. Great manager who couldn't step in to do what her charges did.

Stockman's behind much trickle-down economics. He was trained in theology. And his business record's pretty crappy. But there's that appeal to authority that he's cashed in on.


What's really scary is that the IMF is predicting 2.5% growth for the US. https://www.marketwatch.com/story/imf-cuts-world-economic-forecast-for-2019-citing-trade-tensions-2019-01-21

In other words, we're doomed.

He dam near caused a great depression. Remember he cancelled his campaign and went to Washington to save the economy. When he got there he sat there and said nothing. People were worried he would stop the bail out which would have caused a world wide great depression.

haven't stood in the way of republican support of tRump, maybe hitting them in the wallet finally will.

Gloom and doom is always popular. It come from the left when the right is in power. It comes from the right when the left is in power. It comes from both when power is mixed. Our economy is far too big for a president to control. We will do just fine. Notice how all the 'sky is falling' people have disappeared (for a moment) now the market is making gains. The next drop they will quickly be back...

corporate, personal and government debit is high and austerity is their remedy. It will make things worse. They have no cards to play that will help when it comes.