GDP growth was estimated at 1.9 percent annually in the 4th quarter down sharply from the 3.5 percent annual GDP growth estimate in the 3rd quarter. And yet the stock market traded in a narrow range while declining slightly. President Trump puts a 90 day immigration freeze from 7 countries including Iran and Iraq. The ACLU vows to fight it. There’s talk of nuclear arms race with Russia, the US and China. Global warming is out of control and is the biggest threat outside of nuclear war that our planet faces. Mexico vows not to pay for the border wall and President Trump floats the idea of a 20 percent import tax ignoring that a working friendly relationship is vital to US security. And of course there is the 20 trillion dollar federal deficit which keeps rising. And in the face of all of this the US stock market continues to rise. Something is not making sense here this can't and won't continue. The coming collapse of stock prices is imminent. The handwriting is clearly on the wall. It's not a question of is a stock market decline coming but how severe it's going to be. I believe the answer is very low. So low in fact that the March 2009 lows will be returned to and it's going to happen quickly. The stock market should never have traded this high. It was artificially manipulated to this point by the PRINTING of money. It's unsustainable the day of reckoning is fastly approaching.
There's over 9,000 billion dollars deposited in US banks but FDIC insurance only has enough money to cover 25 billion. It's an illusion that your money in banks is covered by FDIC insurance. When the stock market crash comes it will be like 1929'run on the banks.
Protestors of Trump executive order banning Muslims returning to the US continues to divide the people of the USA. A divided people is not good for the outlook of the stock market.
Rand Paul says passing Trump republican budget will add 9.7 trillion to the 20 trillion deficit that the US now has. This is so out of control the whole us economy is one big Ponzi scheme.
