Which is why expert denialists - assiduously trained to ignore all facts and data, in the name of greatness - are ignoring record risk right now. Focusing all attention instead on the biggest, and loudest dumbfucks they can find - and finding a bountiful harvest in the MAGA Kingdom.
Global trade wars
Global recession
Inverted yield curve
Housing market crash
Recession stock bubble
Insider cash out
Peak stock buybacks
Money market flows highest since 2008
Momentum stock rollover
IPO implosion
Earnings recession
Manufacturing recession
Record low global interest rates
Clueless (as always) Fed
Passive indexing bubble
Record stock market valuations
Largest deficit in U.S. history outside of official recession
This is the biggest reason they don't see it coming - because Trump has been propping up GDP with debt. Plundering future generations being the Idiocracy's definition of "GDP".
Goldman Sachs Treasurer:
“In order to truly put America on a sustainable financial path, we must enact proposals—like the President’s 2020 budget plan—to cut wasteful and irresponsible spending,”
Code words for get rid of Social Security and Medicare to make room for more tax cuts aka. "Starve the beast"
Starve the beast:
"Starving the beast" is a political strategy employed by American conservatives to limit government spending by cutting taxes, in order to deprive the federal government of revenue in a deliberate effort to force it to reduce spending. The term "the beast", in this context, refers to the United States Federal Government and the programs it funds, using mainly American taxpayer dollars, particularly social programs such as education, welfare, Social Security, Medicare, and Medicaid."
Everyone, go into your paychecks and sign them over to billionaires. In any developed country this is called "theft", but not in the MAGA Kingdom.
Lowest corporate tax receipts in two decades. Thank you Donny
Rule #1: Never Go FULL Criminal
Nevertheless, the plundering of the Treasury is "priced in"
The worst liquidity crisis since 2008 is caused by Treasury issuance to fund Trump's deficit
This is why Trump's useful idiots won't be getting out of Trump casino intact
Institutions selling stock at the fastest pace in two decades
Barron's: Professional Money Managers Most Bearish in 20 Years
"After a big year for U.S. stocks—make that a big 10 years—America’s money managers see trouble ahead for investors. Blame it on the market’s lofty valuation, a muddled economic outlook, or the increasingly fractious political landscape, any of which could stifle stocks’ advance in coming months. Whatever the case, only 27% of money managers responding to Barron’s fall 2019 Big Money Poll call themselves bullish about the market’s prospects for the next 12 months, down from 49% in our spring survey and 56% a year ago. The latest reading is the lowest percentage of bulls in more than 20 years."
Largest Tech bubble since the last time institutions were this bearish:
Dow Theory Non-Confirmation
Record passive investing bubble causing record breadth divergences
Which is why there are now record useful idiots trapped in Trump Casino. Taking their cues about the economy from Twitter.
Broadening Top:
"It is a common saying that smart money is out of market in such formation and market is out of control...most of the selling is completed in the early stage by big players and the participation is from general public in the later stage."
In the broadening top formation five minor reversals are followed by a substantial decline."
"In Silicon Valley, Beijing, Seoul, and other places where the technorati hang out, expectations for the emerging wireless technology known as 5G are sky high."
Indeed
