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

CSC announces women's playwrights series
HACKETTSTOWN — The popular Women Playwright Series is back at Centenary Stage, with three exciting new plays by playwrights Jacqueline Goldfinger of Philadelphia, Ruth...
Read more »
Image

(No heading)
The creator of all the different hikes and activities at Kittatinny Valley State Park is Lynn Groves, the park’s...
Read more »

Mary Edna Scheubel
Mary Edna Scheubel, age 94, passed away at Newton Medical Center on Thursday, March 14, 2019. Born in Glen Ridge to the late Arthur M. and Emma (Artho) Baird, Mrs. Scheubel...
Read more »
Image

NORWESCAP plans provider orientation
NORWESCAP Child & Family Resource Services (CFRS) is offering a two-hour orientation into the requirements to become a New...
Read more »

VIDEOS



Subscribe to our mailing list

* indicates required
Community Newspapers



MOST READ

Business & Real Estate
Picture perfect home awaits at Crystal Springs
  • Mar 19, 2019
Local News
NORWESCAP plans provider orientation
  • Mar 21, 2019
Entertainment
CSC announces women's playwrights series
  • Mar 22, 2019
Local News
(No heading)
  • Mar 22, 2019

MOST COMMENTED



Find more about Weather in Lafayette, NJ