Ugly, not like look in the mirror ugly. Economy and financial markets ugly.
It should not be surprising but it probably is for a great many people. The road to “America’s Golden Age” hasn’t been fully paved yet, so while it’s under construction, there will be some “hiccups.” By the way, “hiccups” is a fancy word for “ugly”.
With the new administration moving at the speed of light (literally) to transform the government, there will certainly be disruptions. Out with reckless spending, fraud and mismanagement and in with cost cutting, downsizing and accountability. Common sense tells you that laying off 100,000-5,000,000(??) government workers will have an economic impact. Damn, laying off (downsizing) a number of private sector employees will have the same effect as well. Change, such as what’s happening, has just caught the eye of the financial markets. It seems it is actually getting easier to sneak up on markets. (lol)
Every newly elected president knows that it is extremely important to get off to a fast start. If you are planning major changes (like now), a super duper fast start is imperative. If you are Trump, with his agenda, a super duper fast start on steroids is needed.
However, there are numerous negative things that dramatic changes will certainly bring about and getting those negatives out of the way quickly is very important. Why? So when all the negative things are out of the way (after a period of time), new positives take hold (hopefully before mid-term elections) and people forget the negatives. And of course they will.
Are tariffs inflationary? Put them on NOW and if inflation eases off, take credit for reducing inflation. Layoffs/downsizing? Make dramatic cuts NOW, rehire in the future and get credit for increasing jobs. Stock market decline? Just remember to get it going up before elections. Get the picture? It’s a tried and proved “game plan.”
But here’s the “bright” side. If stocks go down, it will create a great buying opportunity. If real estate crashes, home ownership becomes more affordable. If the economy slows (recession), inflation eases (eggs and gasoline come down). Interest rates come down. Lost your job? You get a fresh start, maybe in a new field. Look forward.
So, let’s get all this bad “stuff” over with NOW. The “Golden Age of America” is just down the road.
But first its going to get ugly.
