Foxes and Hedgehogs

In response to a NY Times article discussing the non-sensical hype surrounding Trump and the economy, How Good Is the Trump Economy, Really? , my post received over 600 Recommended clicks, the equivalent of likes: I see several major issues with the Trump economy: The current economy is really an extension of the Obama economy. Obama inherited a miserable situation created by Republicans, the same Republicans that prevented the economy from regrowing by implementing austerity measures, in effect harming many people. Whatever exuberance beyond that is the irresponsibility of tax cuts and deficit spending that Republicans are going to use to eventually harm Medicare, Medicaid, and Socal Security. The good of the economy is mostly for the upper end of the income spectrum. Even though there is low unemployment, most Americans are not really thriving.

Before creating this site, I had searched for a site that I had used that allowed individuals to predict the likelihood of numerous events, and would provide a 'wisdom of crowds' calculations. When I first signed up, and put in predictions on the likelihood for (1) proof of God and (2) the US attacking Korea, both of which I place at .02 and .10, respectively. No great feat to get these correct though although the Korean estimate might change if Kim-Jong Il falls; I've read that the US and China are making plans to rush in and take over. A pressing concern for myself and the much of the US population is the likelihood of a recession. With so much negativity in the business world, subprime fiascos, potential monoline failures, the war in Iraq, increasing consumer defaults/bankruptcies, and a reduction in consumer spending portends a recession. I don't know whether there is much of an upside, other than increased exports because of the weak US dollar. I'd give th...