>>>>DOW up 9 weeks in a row - most in 24 years
>>>>NASDAQ up 7 weeks in a row - most in 10 years
>>>
>>>ticking time bomb
>>I owe a lot to "D" presidents - Carter - I went in debt up to my eye balls in 1966 - paid off the debts in the early 80's with "funny money"
>> Obama- Doom and Gloom-- I rolled the dice again with all the money I could get my hands on - turned out just fine,
>Sorry, 1976 on Carter.
...meanwhile all the "R" presidents in recent (and not so recent) times have a recession during their first term -- and this will be no different. Between an expansion already being nine years old, a poorly timed end of fiscal stimulus, a corporate debt bubble and an unnecessary trade war, etc etc etc. ..like I said -- ticking time bomb.
Plus when the stock market is booming - who benefits? Certainly not most Americans. And don't count on Tobin’s Q to play out as theorized by some either because the problem with that is the financial value of U.S. firms has been outpacing the value of their tangible capital for some time now.
tik..tok tik--tok.
ICQ 10556 (ya), 254117