re: #318 Jay C

Well, “market corrections” are always possible (i.e. inevitable, and often well-predictable in advance), but unlike 2008, I wonder how much impact a 2018 “crash” is going to have on the general economy? The Great Recession of a decade ago (Jeez, has it been that long already??) had a greater impact on the populace at large, as the biggest collapse (AFAICR) came in an overheated and over-borrowed-on real-estate sector: one where there were a lot of individual players, whose loss of buying power magnified the problems throughout the economy. And I’m not sure that’s the case now.
However, one thing is probably a pretty sure prediction: when Black Friday Comes this time around, our Moron-In-Chief will be sure to have a tweet ready blaming Obama/Democrats/Crooked Hillary…

“…gonna catch the grey men when they dive from the fourteenth
floor…..”

I’m not expecting a recession or stock market crash this year. The global economy is growing strongly, there isn’t a bubble like housing was, there is no sign that hiring is slowing or firings are rising, the economy isn’t overheating, corporate profits are strong, and there is still room for employment to grow despite a low official unemployment rate because we still have a relatively low employment to population ratio. Let the good times roll!