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In response to
"I had a banker say to me the other day “I feel like the economy was sort of humming along and they came in with this big tax cut/shakeup, and we just"
by
pmb
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its likely true, every time they cut corp taxes, Reagan, Bush, now Dumbo, the economy goes to hell, usually from overheating....loosing gov regulation
Posted by
zeitgeist
Feb 5 '18, 23:00
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is also a factor, Reagan loosened banking regs and eyowza every con man had a savings a loan writing backing bad ventures with friends or even themselves.
bush let the mortgage market run wild, with the hedge fund markets riding on their backs like a 300 lb linebacker on a toddler's back (strangely mostly legal)
dumbo...we are all expecting the biggest, greatest, hugest world wide depression that will make the 'great' one look like a market correction. maybe putting a way a few cases of booze for barter will be a good investment
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