Posted on Dec 17, 2016
Why investors shouldn't expect a Reagan-replay with Trump
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Some of you my age and older remember stagflation during the Carter and some of the Reagan years. The 1979 Iran Revolution made things worse and gasoline tripled and we could only buy gas (8 gallons max) on odd or even license plate ending numbers. Some people switched plates LOL. Good times ahead, hopefully, if no war comes from 8 years of neglect.
Why investors shouldn't expect a Reagan-replay with Trump
Posted from business.financialpost.com
Finance
Economy
Donald Trump
Investing
Future
Posted 8 y ago
Responses: 3
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Of course. No one expected a robust economy with Reagan's election. Why should they expect a replay with the election of any President. However, never before has the government sat on the economy doing everything in its power to stifle growth as has happened in the past eight years. Never before has the pressure to grow economically ever been greater inasmuch as business has been sitting on its wealth afraid to invest. No, I don't expect much, but I won't be surprised if it happens...
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CSM William DeWolf
Can't help but be positive to some extent! It's been so long that people have forgotten!
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Unlike those earlier times, this country wasn't wallowing with a $20 Trillion debt hanging around its neck like a millstone. Our National Debt is greater than our GDP. That debt is draining the life out of our country. Think of how difficult it would be trying to get ahead if you had a $25,000 income and $27,000 credit card debt.
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LTC (Join to see)
SPC Jeff Daley, PhD - Does Social Security run out of money in 2042 or sooner? I wonder if our military pensions are funded too and for how long? We are the lucky ones that don't have a TSP retirement. Those after 2017 do not hav a choice.
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