What's ahead in 2019?


Make text smaller Make text larger





Well, the tax bill has just about petered out, and there is much speculation on a crash.

For the very rich, it was spectacular, as it floated their boats, while some of us got paddle boats or kayaks. Now, there is anxiety, as two giant economies are facing issues, and some wonder whether we are headed to 1929 or 2008. Some call the current or possible economic crisis- a global debt bubble, as China and the US have amassed not great profits — well some, but surely great debt.

Stocks are this points are down at least 2 percent, and possibly more. Hedge funds are in a deep crisis, and household debt in this country is now up to $13.5 trillion up from the previous peak by some $837 billion, a left over from 2008 (NYT)! Student debt will be a big issue this time, if a recession or depression occurs, as it is now at $1.5 trillion. Oh, yeah, that never will be paid back, but a negative merit will be high underemployment for those students. It should be noted that 20 percent of those loans are now delinquent.

Then we have the very unproductive tariff war between China and the US — both will get hurt. China has mountains full of debt, including cities that have been built, factories and infrastructure, and then reader there is its Belt and the Road project to everywhere — need to read about that, as words are counting me out. There is a need to watch Brexit, as who knows on that one.

As one source notes, everything is beginning to run in reverse. The tax bill won’t provide a stimulus, as that money was all swallowed by greed. Before you get to the critics get here on me. Write the date of this piece and remember what I told you. What did I tell you? You were made a sucker by this Administration! Remember, and like the Boy Scouts — they are in trouble, too — Be Prepared.

Bill Weightman

Hardyston



Make text smaller Make text larger

Comments

Pool Rules



MUST READ NEWS

Woman's Club offering scholarships
Education is a crucial aspect of enabling women to support themselves and their families.
To support this idea, the Vernon...

Read more »

Family Night Out planned for military families
Veterans and active service members, bring your families and join us for a FREE Military Family Night Out on Wednesday, Feb. 6,...
Read more »

Boarding House bill advances
Legislation sponsored by Assemblymen Hal Wirths and Parker Space revising the definition of landlord to include rooming and boarding house owners and operators was advanced today...
Read more »

(No heading)
Randall Duk Kim and Anne Occhiogrosso headline Centenary Stage Company’s production...
Read more »
Image

VIDEOS



Subscribe to our mailing list

* indicates required
Community Newspapers



MOST READ

Local News
Court fines Northwoods at Vernon
  • Jan 17, 2019
Local News
Son of firm's founder sworn in
  • Jan 17, 2019
Local News
Jim Eigo shares memories of Les Paul
  • Jan 16, 2019
Local News
Labor Dept. announces training grants
  • Jan 17, 2019

MOST COMMENTED



Find more about Weather in Lafayette, NJ