It seems these stories finally start to emerge after the damage is done. Did you realize the White House "Prediction" (what is he a fortune teller?) of $9.05 Trillion is based on the ASSumptions of a brisk economy for ten years? What is he smoking? According to Pimco (Allianz) we are looking at a sorry state of affairs for 10 to 20 years. I am sure he is being optimistic on that since it is in a report to investors.
"Well, the surprise is that there’s been a significant break in that growth pattern, because of delevering, deglobalization, and reregulation.
All of those three in combination, to us at PIMCO, means that if you are a child of the bull market, it’s time to grow up and become a chastened adult; it’s time to recognize that things have changed and that they will continue to change for the next – yes, the next 10 years and maybe even the next 20 years.
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