Trump does not understand economics. If he did we would not be in this mess. If the cost of a commute and a meal exceeds daily take-home pay, the labor force demands an immediate raise or quits. It is a mathematical thing, not a choice.
Household debt was 40% of income in the 70's. Now household debt is 80-90% for the middle class. There is no wiggle room like there used to be. Today the employment situation in America is dismal for many. And filling my gas tank today cost an extra $17.
Traders pricing in TACO trade may be in for ‘rude awakening’
The disruption to the oil market and critical energy effects may have long-term economic effects that investors are not pricing in.
Focus On What He Does And Not What He Says
It is extremely difficult to manage an investment strategy on the whims of one individual who makes contradictory statements from one hour to the next, but that is the hand we have been dealt.