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DemocratSinceBirth

(99,710 posts)
Fri Aug 24, 2018, 02:04 PM Aug 2018

The 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.

8 replies = new reply since forum marked as read
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The last shoe to fall in Trump's maladministration (Original Post) DemocratSinceBirth Aug 2018 OP
Bubbles are not designed to be long lasting. guillaumeb Aug 2018 #1
I think the market will shoot up when that clown is run out. Dave Starsky Aug 2018 #2
Its coming. Squinch Aug 2018 #3
My more financially knowledgable friends tell me we're due for a correction anyway... Still In Wisconsin Aug 2018 #4
Fortunately, we've already had a correction this year, so it's bound not to happen. jpljr77 Aug 2018 #5
It will happen after the election... lame54 Aug 2018 #6
It didn't work in 2008 and won't work in 2020. DemocratSinceBirth Aug 2018 #7
It's no wonder the market has continued to climb during his reign... unitedwethrive Aug 2018 #8

Dave Starsky

(5,914 posts)
2. I think the market will shoot up when that clown is run out.
Fri Aug 24, 2018, 02:07 PM
Aug 2018

Markets thrive on stability and predictability, and he is the most whimsical maniac that has ever held public office.

 

Still In Wisconsin

(4,450 posts)
4. My more financially knowledgable friends tell me we're due for a correction anyway...
Fri Aug 24, 2018, 02:16 PM
Aug 2018

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)
5. Fortunately, we've already had a correction this year, so it's bound not to happen.
Fri Aug 24, 2018, 02:41 PM
Aug 2018

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?

DemocratSinceBirth

(99,710 posts)
7. It didn't work in 2008 and won't work in 2020.
Fri Aug 24, 2018, 02:52 PM
Aug 2018

If the economy tanks history will show Trump inherited a growing economy and ruined it.

unitedwethrive

(1,997 posts)
8. It's no wonder the market has continued to climb during his reign...
Fri Aug 24, 2018, 03:07 PM
Aug 2018

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.

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