i feel as if the US stocks market is bound to crash again with Obama in the care of our country. Hoover was a terrible president (though he did at least make a half-ass attempt of fixing the many issues) and now i feel as it history and presidency will repeat itself. anybody else relate to this thought? thank you!!
I don't believe that the president has any power. He's the face of the real president, which is a team of people a lot higher up then he is. There could be a financial collapse. Everyone is predicting one though. And when people are predicting things, they usually do not happen. Anytime you think you know something, you probably don't. My cousin would tell you that it's going to happen for sure. But he knows as much as you and me. It would really suck if one did happen. Some think that there will be a collapse to bring in the new currency that we all will use. Time will tell, none of us can say yes or no. None of us know.
I think that the global economy is bound to crash sooner rather than later, but I don't think that it would matter who the President was at the time to be honest.
I am really nervous about the talk of more war moreso than Obama himself. He has advisors who basically tell him what to do, so I think it has more to do than just Obama.
Regardless of who is running the Whitehouse, we would still be using the same financial policy. Both major parties support Keynesian Economics. And since the success of our financial industry is based on unsustainable growth, we will always have recessions and other financial problems since we continue to use money that doesn't exist (yet we are still producing). And when that imaginary money runs out we all stop producing things (yeah makes sense right..).
I agree that a crash could happen with any president... *but* a stock market crash would probably be accelerated by a crisis and how the current people in charge handle it. If there isn't much faith in a commander to lead wisely, then judgment mistakes are made and Wall Street gets nervous.
Keep some cash on hand in the event of a crash - you can often buy good companies very cheap when this happens.
I do think that we are going to experience a crash soon. Not because of Obama, or even any significant international event. The stock prices are just way too high for our current economical status.
While I agree that the stock market is higher than it should be, the highs make perfect sense. The wealthy have more money than ever which are more likely to invest in stocks since they have a great return. Even normal people down to lower middle class are investing in the stock market since there really isn't anywhere else that you can make a return greater than the inflation rate. Couple this with the fact that many people are also trading on margin... Businesses have also become very lean which has caused record profits to keep everyone investing.
