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All Trump has to do is keep his mouth shut about the Stock Market and the economy and everything would just go sailing along. But noooooo! Asking about firing the Fed and having his idiot Treasury Secretary making unneeded phone calls to Banking CEO’s last weekend and he tanked it. Worst Dow drop since the Great Depression.
Trump gets credit for the massive run up over the past two years and he gets the blame for the big decline recently. He owns both of them.
I disagree because most of the problem is that it is rare economic policy decisions flip the lights on and they start as soon as the E.O. or bill is signed. I'll give Trump at most just this year and more likely midway of this year for what "he owns" in regards to this economy.
Like it or not, the American market likes stability. Call it the swamp, call it deep state, whatever your fevered RWNJ mind wants to call it, but it likes stable systems.
Dear Leader and his band of merry morons, by choice or by incompetence, have introduced chaos into the system. The system reacts predictably to chaos.
Like it or not, the American market likes stability. Call it the swamp, call it deep state, whatever your fevered RWNJ mind wants to call it, but it likes stable systems.
Dear Leader and his band of merry morons, by choice or by incompetence, have introduced chaos into the system. The system reacts predictably to chaos.
Yeah would you inagine that a market doesn't want to have threats of trade wars, government shutdowns and questionable health insurance markets?
It's a correction which was expected and actually overdue.
Thank the fed for raising the cost of money. They kept it at 0% interest all but 1 quarter of Obama's 32 quarters. In Trumps 8 quarters, they raised it 5 times.
Obama has been taking credit for the markets for the last 5 months, so the correction must be his fault too.
All this blather and nonsense is more than laughable. This correction sets up a great buying opportunity. For those not in cash after the first couple of rate hikes, well that's on you!
Oh man, now you believe the markets will crash?
wow
True, all that. Market is up 20% since Trump was elected and down 23% since the Dems took the house.
It'll get worse as Crazy Maxine tries to hammer down on those who are making money. The tariffs and other actions taken by Trump are necessary, I think.
I don't really see a crash coming - not one like '07/08. Companies are still making money, and that wasn't true when real estate crashed. When real estate crashed, people who had leveraged themselves out on a limb simply walked away. And that hurt.
BOL!
True, all that. Market is up 20% since Trump was elected and down 23% since the Dems took the house.
It'll get worse as Crazy Maxine tries to hammer down on those who are making money. The tariffs and other actions taken by Trump are necessary, I think.
I don't really see a crash coming - not one like '07/08. Companies are still making money, and that wasn't true when real estate crashed. When real estate crashed, people who had leveraged themselves out on a limb simply walked away. And that hurt.
BOL!
You do know this sell off started in October BEFORE the Democrats took the House, RIGHT?
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