“Massive Policy Errors”

“America’s Massive Policy Error,” said the CIO. “That’s the title of the book someone will write in ten years about what’s happening today.” Never in economic history has a government implemented a fiscal stimulus of this size at full employment. “The Trump team and economic elites believe that anemic corporate capital expenditure is the root cause of today’s lackluster growth.” It’s not that simple. If credit to first-time homebuyers hadn’t been cut off post-2008, and state and local governments had spent as generously as they had after every other crisis, this recovery would have been like all others. “People think that if only we cut taxes, kill Obamacare, and build some bridges, then American CEOs will start spending. That’s nonsense.”

Aging demographics, slowing population growth, and massive economy-wide debts have left CEOs unenthusiastic about expanding productive capacity. “You make the most money in macro investing when there are policy errors and this will be the biggest one in 50yrs. These guys are going to crash the economy.” But not yet.

This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Wealthcast Media, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investments in securities involve the risk of loss. For additional advertisement disclaimers see here: https://www.ritholtzwealth.com/advertising-disclaimers

Please see disclosures here.

What's been said:

Discussions found on the web
  1. Disposable Ponchos commented on Sep 19

    … [Trackback]

    […] There you will find 1053 additional Information on that Topic: thereformedbroker.com/2016/12/11/massive-policy-errors/ […]

  2. online tutor commented on Sep 20

    … [Trackback]

    […] Here you will find 69303 additional Information on that Topic: thereformedbroker.com/2016/12/11/massive-policy-errors/ […]

  3. Bitcoin Loophole Review commented on Sep 22

    … [Trackback]

    […] Find More on on that Topic: thereformedbroker.com/2016/12/11/massive-policy-errors/ […]

  4. bitcoin loophole review 2020 commented on Sep 29

    … [Trackback]

    […] Read More here to that Topic: thereformedbroker.com/2016/12/11/massive-policy-errors/ […]

  5. bitcoin era commented on Sep 30

    … [Trackback]

    […] Info on that Topic: thereformedbroker.com/2016/12/11/massive-policy-errors/ […]

  6. Quality Engineering Consultants commented on Nov 11

    … [Trackback]

    […] Information on that Topic: thereformedbroker.com/2016/12/11/massive-policy-errors/ […]

  7. Matthew Erausquin commented on Nov 25

    … [Trackback]

    […] Read More on that Topic: thereformedbroker.com/2016/12/11/massive-policy-errors/ […]

  8. mirror replica watches commented on Nov 25

    … [Trackback]

    […] Here you will find 22305 additional Information to that Topic: thereformedbroker.com/2016/12/11/massive-policy-errors/ […]

  9. automated regression testing software commented on Dec 02

    … [Trackback]

    […] There you will find 78506 more Information on that Topic: thereformedbroker.com/2016/12/11/massive-policy-errors/ […]

  10. Tree Trimming call now commented on Dec 11

    … [Trackback]

    […] Find More on to that Topic: thereformedbroker.com/2016/12/11/massive-policy-errors/ […]

  11. CI/CD Services commented on Dec 20

    … [Trackback]

    […] Read More to that Topic: thereformedbroker.com/2016/12/11/massive-policy-errors/ […]

  12. bmo compte en ligne commented on Jan 13

    … [Trackback]

    […] Find More Information here on that Topic: thereformedbroker.com/2016/12/11/massive-policy-errors/ […]

  13. joker commented on Feb 05

    … [Trackback]

    […] Find More Info here to that Topic: thereformedbroker.com/2016/12/11/massive-policy-errors/ […]

  14. scriptless testing tools commented on Feb 07

    … [Trackback]

    […] Information to that Topic: thereformedbroker.com/2016/12/11/massive-policy-errors/ […]