Decades ago, I was hired to work with American Savings and the FSLIC to take them apart and put them back together. Banks are again combining higher volumes of B and C paper in their mortgage back securities. When the rates go up and we get our correction, just this bad paper alone will cause major issues. Thanks for signing that Bill Clinton. BO let the game accelerate again big time. Job losses, jobs sent overseas, declining income and increased unemployment numbers (vs. the BS number they now use since they don't use those that stopped working), the baby boomers retiring, the illegal alien tax free system including businesses that 'don't exist ' in the system will put a huge strain on the system creating a correction. Trump is inheriting a huge issue and it will be interesting who will lead his team to confront it. It's why he's saying, lower taxes, bring the jobs back and taxes on incoming goods. Free trade is good when the rules are equally shared. Juggling this in the near term and the improvement of the starvation rates the govt. used to 'save the system' had imposed will make for a wild ride. Finish the pipelines to lower energy costs and get income from wherever you can. 43 got time bombs when he took office as Trump has now. I'm encouraged with the Sec. of State nominee. Trump is hiring people who have worked in the trenches and been extremely successful. Who better to work for our county's benefit. 2nd rant of the day.
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