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He appointed Yellen who kept interest rates way too low and overheated the market. Blame falls on Obama for the appointment. Thank God Trump has the sense to get rid of her.
The only thing worth debating is whether Obama/Yellen did this intentionally when rates obviously needed to be raised more this past year.
If we had a wiser Fed Chair, this would never have happened.
The fallacy in the argument that the Feds have artificially kept interest rates low is what is the worst thing to do if that is true? Increase the deficit. So if you buy inton the trumpeters theory of artificial low rates then trump made the absolute wrong call of lowere taxes coupled with higher spending.
I know, it's amazing how Yellen's policies and leadership had zero impact on the rising market for the entire past year and all the gains that Trump has claimed credit for, but suddenly - and now that she's not even chair of the fed anymore - this dive is all on her.
The bull market began in March, 2009. While campaigning , Trump referred to the over- valued market.
Then, once elected, Trump took almost daily credit for the market. He was briefly silent about the downturn and then tweeted blame at fake news.
I doubt he is capable of realizing markets are irrational and he does does not control markets.
You may be right. Trump in his tweet sound likes he's chastising the market for not behaving:
In the “old days,†when good news was reported, the Stock Market would go up. Today, when good news is reported, the Stock Market goes down. Big mistake, and we have so much good (great) news about the economy!
You may be right. Trump in his tweet sound likes he's chastising the market for not behaving:
In the “old days,†when good news was reported, the Stock Market would go up. Today, when good news is reported, the Stock Market goes down. Big mistake, and we have so much good (great) news about the economy!
Obviously Trump does not understand what causes inflation. Or anything else for that matter.
Obviously Trump does not understand what causes inflation. Or anything else for that matter.
Many analysts point to the Feb. 2 jobs report as the catalyst for the initial market fall. This tweet sounds like Trump's people told him that much but that he still has this idea that the economy and the market are the same entity.
The two are, of course, intertwined - if only as demonstrated on Feb. 2 with concern about inflation and rising interest rates impacting an overbought market.
The larger question, however, is why the large gyrations?
There are theories but most investors realize at this point that they are only speculating.
Trump created a business friendly environment by disposing of unnecessary regulations and the market responded to it.
Stock markets go up and down. Buy on rumor, sell on results. The economy is very strong.
Yes it's a strong economy, and it did not need a tax stimulus. That overheated the economy and has businesses who were celebrating their tax breaks last month doing a lot of hand wringing over rising interest rates. It's been easy for many of them to avoid taxes, much easier than avoiding inflation and rising interest rates.
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what a joke
