the american system of capitalism is such that only public investment will lead to economic recovery, and only public investment can lead to sustainable growth.

the stock market was in a bubble, but the tax cuts were supposed to inflate that bubble, not collapse it. it was supposed to be a one time boost to stock prices, and was timed to maximize it's effects for the 2018 cycle - then evaporate, immediately. and, so what is happening, instead?

because the administration is operating on economic ideas it found in a cereal box, it seems to have not understood that ending quantitative easing would completely negate any effects that the tax cut might have on the market. instead of having money dumped in the market by already rich people trying to figure out what to do with their windfall, money is being pulled out by institutions that are reacting to the end of the expansion.

oops?

no. it's not oops. it's DERP. because this was completely obvious.

the chain reactions for the next crisis have now already been set in motion, but don't confuse yourself as to the cause. after the last crisis, the federal reserve had actually nearly stabilized the economy.

at this point, we have too much data to in any way soften the reality: it is trump's interference in the policies developed by the bank that will be the cause of the next recession.

jagmeet singh must cut his beard.