I recall the weeks before the 2016 election there was widespread agreement that a Trump victory, as unlikely as it might be, would be an unmitigated disaster for the stock market. The market swooned the night he won, then went straight up, interrupted only by a couple of Fed-induced sell-offs. Last week, more all-time highs, and as Keith McCullough likes to point out, that's a long time. We were assured by "experts" that Trump's aggressive confrontation of China and others on trade issues would be calamitous for both our own economy and world trade in general. We were told Mexico would never renegotiate the foolish NAFTA give away. They laughed at Trump's threat to close the mexican border or impose steep tariffs if Mexico didn't act to restrain illegal immigration. Mexico wasn't laughing. They folded immediately. The point of this is not to praise Trump. Anyone can see growth is rolling over and the market is being propped up by hopes of rate cuts. The point is to show how dead wrong the "experts" can be and often are. We were told by highly credentialed economists during the Obama regime that 2% GDP growth was the best we could ever expect. Trump called bullshit on that, and it turns out he was right and they were wrong. Much of the criticism of Trump and his policies came from those trying to protect their own privileged positions in the globalist world trading order. The interests of the country or its workers were not a concern to them. We see the same thing over and over, deeply conflicted "experts" telling us stuff that conflicts with our own common sense and the media mocking and deriding anyone who doesn't immediately hop on board the fake consensus.
Emerald Robinson ✝️Verified account@EmeraldRobinson 15h15 hours ago "Trump's tariffs will destroy our economy!" screamed every liberal economist for the last two years. Is economics actually a science or more like astrology with numbers?https://twitter.com/politicalshort/status/1149683516927610881… Emerald Robinson ✝️ Retweeted Nick Short Nick Short Verified account@PoliticalShort Dow rises 150 points, hits all-time highs as Street ends record week on a high note https://www.cnbc.com/2019/07/12/sto...-rise-after-fed-hints-at-rate-cut-ahead.html… 18 replies 234 retweets 510 likes
ERIC✝️@pizdapalace 12h12 hours ago Replying to @EmeraldRobinson Democrats/liberals are NEVER right. pic.twitter.com/tCtC75mQp6 9:58 PM - 12 Jul
Economists: A Trump win would tank the markets If GOP nominee pulls off a Brexit-like surprise, Wall Street would face a Brexit-like stock plunge. By BEN WHITE 10/21/2016 02:46 PM EDT NEW YORK — Wall Street is set up for a major crash if Donald Trump shocks the world on Election Day and wins the White House. New research out on Friday suggests that financial markets strongly prefer a Hillary Clinton presidency and could react with panicked selling should Trump defy the polls and deliver a shocking upset on Nov. 8. https://www.politico.com/story/2016/10/donald-trump-wall-street-effect-markets-230164 The market rally has nothing to do with Trump’s victory, analyst says Published Tue, Dec 27 2016 5:59 AM ESTUpdated Tue, Dec 27 2016 12:15 PM EST The Trump stock market rally: Don't thank Trump November 10, 2017 / 6:00 AM / MoneyWatch LOL. There are countless articles saying the Market would crash if Trump were to be elected and countless others saying his election has nothing to do with the market rally. Which is it lefties?
The horror of a good economy - it’s a poison pill for the Demtards. You could see it at the Debate - when 60+% of registered Dems said the economy was going well, the Clown Car comically slammed on the brakes and went in reverse. Like they were running from goblins. That’s the last thing they want to hear - maybe then they might have to campaign on something that’s unrelated to race, sex, bathrooms, fake rape, baby killing, or showing criminals how to break the law.
Who cares. Leftards are praying for a recession. Praying for the leader of their country to be a Russian Asset. Lying about it. Unprecedented stupidity from the left. They would hate Trump no matter what he did. Must be racism.
lets for a second assume that economy equates with the stock market and since the market has hit an all-time high then the economy is at its best. riddle me this now cunt for brain, why do orange man and his disciples are pushing for a rate cut then?
I disagree with the notion of a rate cut. It’s bad policy. If you had anything other than shit for brains, you would know why it’s being pushed: It’s to blow further bubbles in our bubble economy. It’s to weaken the dollar. It’s to blow up real estate again. It’s good for politicians. All of it is BAD. Wake up, Libtard.