I spotted an interesting column at MarketWatch that combines political and financial analysis (“Paul B. Farrell, Countdown to the stock-market Crash of 2016 is ticking louder“).
The author’s bottom line? A fiscal policy that includes public infrastructure development could stave off a collapse in economic growth, but Republican politicians will never go for it as long as it might be seen as a plus for Democrats. They’ll choose economic disaster to avoid political concessions.
From the column:
Warning bells just keep getting louder and louder as the countdown to the Crash of 2016 keeps ticking. Wall Street’s in denial, but the Washington Post warns: “U.S. economic growth slows to 0.2 percent, grinding nearly to a halt.” USA Today hears “Bubble Talk” at the Vegas “Davos for Geeks.” Earlier the Wall Street Journal warned, “declining population could reduce global economic growth by 40%.” Then recently the “slow-growth Fed” was blamed.
Wrong, former Fed chief Ben Bernanke counterattacked: “I’m waiting for the Journal to argue for a well-structured program of public infrastructure development, which would support growth in the near term by creating jobs and in the longer term by making our economy more productive.” But for years the Fed “has been pretty much the only game in town as far as economic policy goes.” Today “we should be looking for a better balance between monetary and other growth-promoting policies, including fiscal policy.”
Fiscal policy? No, Ben, not a chance. The GOP controls economic policy. And they will never give “growth-promoting fiscal policy” victories to President Obama and Hillary Clinton before the presidential election of 2016. Never.
Anyway, it’s an interesting read. Check it out.
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Stock market was supposed to crash last year. It will crash someday, but predicting a date is as harebrained as predicting a hurricane date. If we could correctly predict the US stock market, we would not have a stock market in the ffirst place. Would be completely pointless. The whole point of market trades is RISK.
Yes, but since we know its coming, we must find a way to blame the Republicans.
Stock Market Crash 2014: George Soros Tips His Hand
By David Zeiler, Associate Editor, Money Morning•@DavidGZeiler • September 9, 2014
7/01/2014 @ 3:52PM
These 23 Charts Prove That Stocks Are Heading For A Devastating Crash, Forbes
Has the Stock Market Crash of 2014 Begun?
The Motley Fool
By Alex Dumortier, CFA
October 15, 2014
Unease is percolating among investors this month. According to Google Trends, from a low in July, the search interest for “stock market crash” this month is getting back to its highest levels of the year. People seem to think a crash could be imminent, too, judging by the search interest for “stock market crash 2014,” which is higher in October than it has ever been — despite the fact that only two-and-a-half months remain in the year.
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Breaking News!!! most of us will die within the next 90 years!!!!!!!!!!! OMG
We know from the history of humankind that fear is a tool that some humans use to influence other humans. And so it goes.
From the greatest generation to the greatest “kick the can down the road” generation. You all should be so proud.
Case in point: Every Republican on House Appropriations Committee voted to reduce Amtrak’s already insufficient and minuscule subsidy by $260 million less than a day after the tragic derailment in Philadelphia. This accident was 100% preventable but Amtrak has not had the money to install safety systems throughout the entire Northeast Corridor.
buy cheap, die cheap
The other side of Jim’s coin is it was so important to install safety systems on the rail tracks why didn’t the Democrats do so in 2009 when they had complete power, and a huge mandate w/ the stimulus to actually make these types of infrastructure investments? Or is the blood only on GOP hands, you know?