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Trump vs Shiller – Let’s Get Ready To Rumbleeee…

by John P. Reisman last modified Nov 24, 2020 05:28 PM
Trump has been able to fool a lot of people into thinking he's been good, or even great, for the economy. The truth is his great economy is a 'Fake Economy'. It's easy to make the stock market go up with tax breaks, deregulation, and forcing the Fed to lower rates when the economy is doing well.
Trump vs Shiller – Let’s Get Ready To Rumbleeee…

Trump endangered the US economy. And now we are going to pay for it.

This cast is focused on what is a good, healthy, or even a great economy. And the answer is very simple. A stable, well regulated economy that is considerate of all relevant factors and costs with what you might say is goldilocks regulation. Well, that's the goal. Trump has taken America down a much more dangerous path with the economy.

His policies are directed at pushing up artificial inflation. In other words he has hyper-stimulated the markets, to make rich people richer, including himself. The result is a debt laden overinflated market, which makes it more susceptible to having its bubble burst.

Along comes Covid-19, and 'Pop goes the market'.

Now all that debt that Trump shoved into the market structure is biting America hard. And now, Trump is spending trillions to prop up the market, while still in the Shiller danger zone. 

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