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Under Trump: Dodd-Frank is imperiled, and with it, the savings of small investors. But fear not, bankers! The Big Orange is your man!
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The stock market dropped 19 points yesterday. The slow seep is beginning. It will be a wild ride, with ups and downs, but we are on a very dangerous course.
I've had modest investments most of my adult life, and this reminds most sharply of the bank crisis and crash of 2006. My portfolio is still recovering from that - or at least, it was recovering. I hung on far too long then, due to the overly optimistic assurances of others that it was a temporary glitch and that my bank stocks - Wachovia - would recover. I've learned my lesson. Dodd-Frank would have limited my losses, had it been around then. Now Trump and his cronies - bankers all - are trying to eliminate it, and with it, protection for small investors.
Last edited by CraigCreek; 02-07-2017 at 10:14 AM..
I've heard that a number of billionaires (including Soros) are not happy that their yes man (Hillary) was not installed. I'm starting to heard grumblings that they are making a move against the USD, and the stock market.
I have no idea if this is true, but we know Soros are crashed other currencies, and economies in the past.
It will be interesting to see if the donor class makes a move to crash the economy as the ultimate attack against Trump.
The stock market spends the majority of its time going up.
Crediting this rise to a POTUS in power all of 2.5 weeks is an exercise in mindless cheerleading.
Correlation does not equal causation.
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