General Discussion
In reply to the discussion: Trump's House of Cards is collapsing. [View all]Stonealone
(32 posts)we are all missing one important item...consumer spending!
yes, the stock market is watching and being watched. but most of the people with 401K's have blindly put their money into the 401's. and don't really know where or how their money is invested. as prices start to rise because of HIS Beautiful Tariffs, the everyday consumer will start to pull back on their spending. which is turn could lead to the Stock Market faltering.
if the BIG BOYS panic and start to sell their stock, everyone's 401's could be in line for a World of Hurt. which will probably cause the average consumer to pull back even more on their spending.
and it's not forget what is happening in the Health Care world either! I just got notification that my Health Care clinic is closing down at the end of June, due to the Orange Monkey's budget cuts! Not sure what the status of my doctor is or will be. but I'm no longer going to be a 5 minute drive away from my doctor.
But as these little things keep adding up, the consumer will have to start pulling back.
it will be a classic case of Trickle Up Economy!
And the base of this House of Cards will collapse.