Elizabeth Warren and William Dudley, Harbingers of 1929 Redux

Even the hint of a Warren presidency would cause an instant pullback in capital spending and waves of lost jobs as small business owners and major investors begin hunkering down for a guaranteed brutal and long recession.

Lost jobs would fast become the soulmate of a devastating Warren presidency.

Job losses would mount at historic proportions, as economic managers would ramp down sales expectations.

I want to be clear here. My message is not of a political nature, as I support neither the Republican nor Democrat parties. I have never given a dime to either political party. My preference is “The Swiss Way” and decentralized government as designed, somewhat crudely, in the original Articles of Confederation.

Politically charged commentary as offered by the apparently deranged former Fed Vice Chair William Dudley, only anchors my deep concerns for what may be ahead for American workers, as well as for retirement IRAs in 2020.