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The United States has gone a record 12 straight years without 3-percent growth in real Gross Domestic Product, according to data released today by the Bureau of Economic Analysis.
America is drowning in debt, but of course, our problems go far beyond that. Our economic, political, cultural and spiritual problems go very deep, and we desperately need to change course as a nation.
The extra tax cuts mean more money is being taken home by the taxpayers.
So is this just a “correction”, or has the financial crisis of 2018 officially arrived?
We were expecting that Tuesday would be an unusual day on Wall Street, and that was definitely the case. At the low point, the Dow Jones industrial average was down 567 points, but at the closing bell, it was up 567 points. That is a swing of more than 1000 points, but what is more surprising is the exact symmetry of those numbers. Is this just some sort of bizarre coincidence?
If the Dow Jones industrial average fell another 10,000 points, stock prices would still be overvalued.
The last several years have seen massive gains for both stock market and digital currency investors with prices hitting unprecedented levels of growth. But one particular asset class, despite its necessity for day-to-day global activities, has been totally ignored by the general investing public. According to venture capital financier Carlo Civelli,
We are way overdue for a stock market crash, and many are concerned that we may be on the precipice of another great financial crisis.
We have not seen this sort of panic in the stock market in a very long time.
The economy continues to chug along, even as President Trump continues to get hammered in the media for his latest comments or behavior. While the media has mostly ignored the economic boom of 2017-2018, former President Obama hasn’t. He’s inserted himself into the narrative in an effort to take credit