Dr Doom is a financial advisor with a 100% accuracy. His prediction based on the numbers is that by late fall the stock market is going to crash.
A second economist has come out and said the same thing.
I'm no fan of taxes but taxes must be raised, spending must be curbed.
There are those that believe the current administration wants the economy to collapse so that capitalism can be removed and replaced by social justice.
I don't have the answers but the war is not sustainable (75 billion per year), sending aid in the form of 30 million to 30 billion is not sustainable.
Salaries go up over time, costs go up.
Now that there are fewer salaries and they ARE in fact going down, goods must also - otherwise if inflation hits your $9/hr job cannot afford anything.
Riots will follow, Egypt is a prime example.
The fed has also used almost every tool in it's arsenal and nothing has worked.
Because the USA has the 2nd highest business tax, companies moved to countries that do not, ie China. China's labor is far cheaper.
Vicious circle, anyone left in the USA is just doing service oriented jobs, not manufacturing.
So in my opinion what has to happen is you have to either:
a) Lower the tax rate below most countries tax rates so that businesses will want to return.
b) Put a tariff on all goods brought to the US based from US companies, but this will be passed onto the consumer.