Market Won't Crash If Trump Faces Impeachment, Barclays Says
Source: Bloomberg
President Donald Trump has warned that the stock market would plummet if he were impeached. Barclays Plc disagrees.
We doubt that capital markets would collapse if President Trumps administration was endangered, either electorally or indeed legally, William Hobbs, head of investment strategy at Barclays Investment Solutions in London, said in a blog post. The forward momentum of the world economy, and therefore its capital markets, has little to do with the actions of the White House, past, present or future, in our opinion.
Read more: https://www.bloomberg.com/amp/news/articles/2018-09-06/market-won-t-crash-if-trump-faces-impeachment-barclays-says?__twitter_impression=true
Iliyah
(25,111 posts)majority in the USA's government.
groundloop
(11,523 posts)Spanky likes to take credit for the good economy, whereas the truth is that the economy is doing well DESPITE him. President Obama put in place all of the fundamentals which brought the economy out of the horrible place it was at after Bush got done, repubs are doing their damndest to ruin everything again.
Power 2 the People
(2,437 posts)Republican greed always crashes the economy.
BootinUp
(47,188 posts)Wounded Bear
(58,713 posts)Long overdue and the Repubs are doing nothing to prevent it, and are seemingly actively trying to create one.
Squinch
(51,014 posts)Roy Rolling
(6,933 posts)Inevitable.
EricMaundry
(1,619 posts)The Liberal Lion
(1,414 posts)we have. Take down the money take down the corrupt power base. The mortgage meltdown was our last chance to transition our economy away from this exploitative type of capitalism we currently have that utilizes socialist safeguards not necessarily for the benefit of the common citizen but rather to insure the place of the few who control far too much. Let it burn to the ground. The time for capitalism has passed, the time for resource based economics is here.
FrodosNewPet
(495 posts)A few may get a haircut. A few more wiped out.
But the majority will be just fine. A few will even prosper more as wages crash and economic assets go on sale dirt cheap.
Meanwhile, the poor and the working class will be at each other's throats, fighting for crumbs to survive.
The Liberal Lion
(1,414 posts)is that pain is the great teacher. Listen, when I say crash the system I'm not saying crash it and let it recover back into the same system we crashed before. Nope, not at all. When the mortgage meltdown occurred that was our big chance to begin transforming the economic system into a system that works for everyone, that leaves no one behind, and that makes sure resources are equitably distributed. For instance, where I in charge at the time, I would have used the HARP program to keep everyone in their homes, that is everyone who had a mortgage on their primary property. I would not have given two fine flying fucks about the notion of rewarding bad behavior, as the way HARP was structured that's exactly what it did by rewarding the banks that sold the products they knew were fraudulent, namely the fractionated mortgage backed securities. Additionally, I would have created a Guaranteed Home Loan, similar to the Guaranteed Student Loan, to anyone seeking to purchase their first home. I would have had both programs administered and originated solely by a federal agency. But I digress, and will address your main point of the pain that will be felt. I agree, should we crash the economic system great pain will be felt, but crashing the economic system is only the first step in creating a new system of resource based economics. When we crash the economy we must be ready to not only INSTANTLY grab the reigns of power, which indeed will be difficult but obtainable, but as well be instantly ready to began transformation of the economy. No, it won't be easy nor will the transformation be quick, but IMHO it will be worth the pain experienced.
ck4829
(35,091 posts)AND the Trump admin would collapse.
elmac
(4,642 posts)they spend like drunken sailors, give huge tax cuts, makes the economy look great but really setting up for a collapse when Democrats take over, blame us for the debt. https://www.commondreams.org/views/2009/01/26/two-santa-clauses-or-how-republican-party-has-conned-america-thirty-years
turbinetree
(24,720 posts)FakeNoose
(32,767 posts)I hadn't seen this before, but I fully agree with this awesome essay. "Supply side economics" and "trickle down economics" are the evil bastard twins of Ronald Reagan that we're still dealing with today.
Haggis for Breakfast
(6,831 posts)Leave us Sailors out of this.
GemDigger
(4,305 posts)I'll take the market crash if it gets rid of a president who has serious anger management issues and the nuclear football.
Le Grand Pronounceur
(78 posts)Yet another example of Donny's God Complex.
earthshine
(1,642 posts)It is anticipated.