GoghGoner wrote:The market bounced back after Trump's acceptance speech. Everybody realized that we have BAU.
+1
Yup. The panicers that act like Trump will single-handedly decimate the US economy seem to forget that everyone else on Capitol Hill will be against that.
Of course, congress loves to spend money. So we might continue to get more debt (which I'm against). But the dems seemed to think lots more debt (to the tune of about $9 trillion) being added to the national debt under Obama was just fine. Funny how that perception shifts if their person isn't at the helm. (And before hard lefties try it the "It was all Dubya's fault" ship sailed many years ago. At SOME point, you must take some responsibility for Obama's policies and big deficit spending).
So, even if Trump wrangles a "you can spend if I can cut taxes" deal, it's BAU overall.
So really -- doomers love to forecast doom, but the panic seems way overdone to me. The stock market managed to figure that out overnight -- the wisdom of crowds works again.
Given the track record of the perma-doomer blogs, I wouldn't bet a fast crash doomer's money on their predictions.