Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

kentuck

(111,095 posts)
Sat Dec 2, 2017, 11:01 AM Dec 2017

It usually takes about a year or a year and a half for the economy to head downward...

...when Republicans inherit good economies from Democratic Presidents.

It is doubtful that this Trump economy will be any different.

By summer or fall of 2018, we should not be surprised to see the unemployment rate start to climb upwards. We may see a spike in inflation and prices of products that hurt the poor and middle class, such as food and gasoline.

The deficits will go up dramatically, as they always do.

Then, we can expect the same argument from Republicans that we always get: we are spending too much and need to cut the huge government programs.

The past is prologue.

https://www.quora.com/What-does-whats-past-is-prologue-mean

2 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
It usually takes about a year or a year and a half for the economy to head downward... (Original Post) kentuck Dec 2017 OP
I agree and have moved some of my 401K into sagesnow Dec 2017 #1
I expect a currency crisis. roamer65 Dec 2017 #2

sagesnow

(2,824 posts)
1. I agree and have moved some of my 401K into
Sat Dec 2, 2017, 11:09 AM
Dec 2017

a gold backed IRA. Hope this was a good move. The last time the stock market was this high under Bush it took a nose dive and I was invested in gold. It was the smartest thing I ever did. The current market feels ready to take another Republican nose dive again.

Latest Discussions»General Discussion»It usually takes about a ...