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Peter Schiff
@PeterSchiff
Chief Economist & Global Strategist Chairman Founder Host Best-selling Author
参加 July 2009
318 フォロー中    1.8M ファン
Yesterday's stock market rally in the face of the Democratic landslide made no sense. In contrast, today's sell-off makes perfect sense. Expect more days like today. As a result of the change in the political direction of the country, the U.S. economy will be less productive, have bigger government, larger deficits, more regulations, and higher taxes, inflation, and interest rates. All of this will be bearish for the U.S. economy and the stock market. Unfortunately, the Republicans and Fox News have no one but themselves to blame. Under Trump, we had a chance to make America great again, but we blew it by continuing the same failed policies that led to our fall from greatness in the first place. Under Democratic socialists, who will be empowered by the failure of Republican socialist policies, that fall will now accelerate rapidly.
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