People I know in Texas are giving me feed back that the economy is getting worst.
The consumer sentiment indicator has fallen from around 100 in 2015 to 90 in 20016.
In 2011 the fell from 75 down to 55 which was GFC levels. This indicate the volatility of the US economy.
The latest data might trigger another stimulus. If trump wins the election consumer sentiment could see the US experience another GFC and currency crisis worst case scenario.
The effect of a currency crisis might not have a good effect in Australia. It would certainly create very confusing times for exporters. The worst case would be a sell off of the Aud which would result in a temporary ASX crash.
It would probably create a 911 moment for investors.
