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Economy

2019 is off to quite a rough start, and things are likely to get a whole lot rougher.

The United States has so far lost big in the core driver of the trade war (the trade deficit) that was a top complaint of Trump’s and the U.S. may have already lost this trade war.

The health care industry is certainly not going to reform itself, and the gridlock in Washington is going to make a political solution impossible for the foreseeable future.

The inevitable consequences for decades of exceedingly foolish decisions are starting to roll in, and the bursting of “The Bubble To End All Bubbles” is going to be beyond excruciating.

Monday was the worst Christmas Eve stock trading day in the history of the stock market. Now investors are bracing themselves for what could be a market crash just before the New Year.

The Bubble of All Bubbles is starting to burst, and unless we see dramatic central bank intervention soon it is likely that an unprecedented financial nightmare is ahead.

At least for the short-term, the Federal Reserve could have calmed the markets and encouraged economic activity by leaving interest rates alone. In the end, they decided not to do that, and that makes one wonder what they are really trying to achieve.

Economist Stephen Moore told Fox Business that if the Fed raises interest rates “they should all be fired for economic malpractice”…