6/25/218 – A negative day with the Dow Jones down 328 points (-1.33%) and the Nasdaq down 160 points (-2.09%)
The market is doing what it should be doing or as we have been forecasting in our membership section. I will mention this thou. At this point the market is severely oversold by quite a few indicators. If you would like to find out what happens next, in both price and time, please Click Here
We certainty live in interesting times. And not only because our President is doing his hardest to destroy our economy in a blink of an eye, but because half of America believes he is doing a great job. They have no clue as to what is about to happen. Same logic suggest that it shouldn’t come as a surprise that real financial analysis is not coming from WSJ or Financial Time, but from Russian “PRAVDA”
US Economy Going Full Throttle ‘Towards National Ruin’
The Trump administration may find itself amidst serious economic trouble with a steadily increasing federal deficit and national debt. In case Donald Trump is re-elected in 2020 he may have to deal with a $1 trillion deficit and a US debt-to-GDP ratio exceeding 100 percent.
The US economy may find itself in dire straits, unless measures are taken as soon as possible, the US Office of Government Accountability (GAO) warned the US Congress on June 21, 2018.
“According to the 2017 Financial Report, the federal deficit in fiscal year 2017 increased to $666 billion-up from $587 billion in fiscal year 2016 and $439 billion in fiscal year 2015. Federal receipts increased by $48 billion, but that was outweighed by a $127 billion increase in spending, driven by Social Security, Medicare, and Medicaid, and interest on debt held by the public (net interest),” the congressional watchdog noted, stressing that “the longer action is delayed, the greater and more drastic the changes will have to be.”
Trade war disaster aside, what the Trump Administration is doing is not sustainable by any measure. In the biggest blunder of his life, instead of exposing it Mr. Trump took full ownership of the “everything bubble” from the Clinton/Bush/Obama era. What’s worse, he has supersized the problem by going all in with that one last debt party.
There is no way to grow out of this and the day of reckoning is now a mathematical certainty. If you would like to find out exactly when the stock market will crater, based on our mathematical and timing work, please Click Here
