General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsThe last shoe to fall in Trump's maladministration
is a market crash.
I'm not hoping for one or predicting one and the market doesn't give a s--t what I hope for or predict anyway.
He is so freaking incompetent. In the FOX interview he says the economy will fall apart without him and points to his pea-brain, SMFH.
guillaumeb
(42,641 posts)And history proves that.
Dave Starsky
(5,914 posts)Markets thrive on stability and predictability, and he is the most whimsical maniac that has ever held public office.
Squinch
(51,004 posts)Still In Wisconsin
(4,450 posts)Dump's stupid trade war could in fact turn the correction into a full-on crash, and/or a recession. If that's going to happen I sincerely hope it happens before the midterms- and not because I'm rooting against the economy for political reasons, which I am not. I believe we're going to regain control of the House, with an outside shot at the Senate regardless of where the economy is in November. My worry is that we take over Congress, THEN the market tanks, and in 2020 the simpletons believe TRUMP when he says "see, what'd I tell you, the Democrat Party took over and then the market crashed like I said it would #MAGA"
jpljr77
(1,004 posts)In fact, the entire market has -- more or less -- been in a corrected plateau since February.
On Jan. 23, the Dow Jones Industrial Average peaked at 26,166. Two weeks later, it closed at 24,190, a 9.1% decline in just eight trading days. While that falls slightly short of a textbook correction, the behavior of the market since has certainly signaled that it was a correction.
Ups and downs for the past six months, including hitting a fresh low in March, but generally up, with it currently in the area of 25,800. Still not quite back to the peak. Part of that, yes, is the tariffs effect. Traders really, really, really don't like trade uncertainty. But a larger part is the cycle. The exuberance over the tax cuts was a bit irrational, let's say.
There will be a larger correction at some point in the near future. That is certain. And it could be driven by this trade war if it grows (which it certainly is doing right now) or persists for for too long. If it goes on too long, companies are going to be making decisions that can't really be undone and it will be a permanent, or long term, input on the economy.
But no one is that stupid, right? He'll come to senses soon, correct?
lame54
(35,321 posts)Trump and the repugs will blame the dems
DemocratSinceBirth
(99,711 posts)If the economy tanks history will show Trump inherited a growing economy and ruined it.
unitedwethrive
(1,997 posts)he has lifted so many regulations that protect consumers and citizens, and allow corporations to manufacture and produce without regard to the environment (both from consumption of natural resources and pollution), their employee's heath and consumer awareness.