It all seemed so easy:
Outsource the economy to China
Print money to inflate stocks
Plunder grandchildren via Ponzi borrowing
Elect a reality TV President
Sit back and watch The Kardashians
The AmeriCon Dream
What could go wrong?
Unfortunately, the cost of mass layoffs to fund stock buybacks meant economic implosion with stocks at all time highs, like now.
Because as stunned dunces DIDN'T learn during the Bush era, it's not the quantity of jobs that matter, it's the QUALITY of jobs that matters:
Layoffs to fund stock buybacks:
Federal tax receipts 24 month rate of change
Labor market conditions 12 month moving average
Industrial production 24 month rate of change
24 months rate of change wage CPI:
S&P 12 month rate of change
End of cycle false dawn. Been there, done that. I don't recommend it...
Tightening Monetary policy at the end of the cycle. Don't try this at home...
Payrolls 12 month rate of change with log scale Fed rate:
This is going to hurt like a motherfucker...
Taxes with Mutual fund cash balances