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brooklynite

(94,735 posts)
Sat Sep 8, 2018, 09:45 AM Sep 2018

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 Trump’s 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

19 replies = new reply since forum marked as read
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Market Won't Crash If Trump Faces Impeachment, Barclays Says (Original Post) brooklynite Sep 2018 OP
The markets will crash if t-rump and GOPs stay in the Iliyah Sep 2018 #1
Exactly. They're repeating all of the Bush mistakes which led to the great recession. groundloop Sep 2018 #2
Agreed. It's just a matter of time. Power 2 the People Sep 2018 #16
Ok then... BootinUp Sep 2018 #3
I expect the market to crash regardless of Trump's legal situation... Wounded Bear Sep 2018 #4
The market is going to crash no matter what happens to trump. The yield curve don't lie. Squinch Sep 2018 #5
What they said. 👆👆 Roy Rolling Sep 2018 #6
Do we know if the world will end? EricMaundry Sep 2018 #7
I'm in the camp of the market needs to crash anyway to get rid of this failed economic system The Liberal Lion Sep 2018 #8
Poor people are hurt worse than the rich in a "crash" FrodosNewPet Sep 2018 #18
One thing I was taught when I was growing up The Liberal Lion Sep 2018 #19
Well that's too bad... Would be nice if the stock market could be disestablished ck4829 Sep 2018 #9
fascists are setting us up for the Two Santa Clauses elmac Sep 2018 #10
Yepper, spot on.............................. turbinetree Sep 2018 #12
Thanks for sharing this link FakeNoose Sep 2018 #14
Hey Haggis for Breakfast Sep 2018 #17
On one hand a market crash on the other a nuked planet. GemDigger Sep 2018 #11
Of course it won't! Le Grand Pronounceur Sep 2018 #13
Trump's impeachment is, as they say, already "built into the market." earthshine Sep 2018 #15

groundloop

(11,523 posts)
2. Exactly. They're repeating all of the Bush mistakes which led to the great recession.
Sat Sep 8, 2018, 10:04 AM
Sep 2018

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.

Wounded Bear

(58,713 posts)
4. I expect the market to crash regardless of Trump's legal situation...
Sat Sep 8, 2018, 10:22 AM
Sep 2018

Long overdue and the Repubs are doing nothing to prevent it, and are seemingly actively trying to create one.

The Liberal Lion

(1,414 posts)
8. I'm in the camp of the market needs to crash anyway to get rid of this failed economic system
Sat Sep 8, 2018, 11:43 AM
Sep 2018

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)
18. Poor people are hurt worse than the rich in a "crash"
Sun Sep 9, 2018, 09:40 AM
Sep 2018

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)
19. One thing I was taught when I was growing up
Sun Sep 9, 2018, 11:04 AM
Sep 2018

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)
9. Well that's too bad... Would be nice if the stock market could be disestablished
Sat Sep 8, 2018, 11:50 AM
Sep 2018

AND the Trump admin would collapse.

 

elmac

(4,642 posts)
10. fascists are setting us up for the Two Santa Clauses
Sat Sep 8, 2018, 12:01 PM
Sep 2018

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

FakeNoose

(32,767 posts)
14. Thanks for sharing this link
Sat Sep 8, 2018, 01:23 PM
Sep 2018

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.



GemDigger

(4,305 posts)
11. On one hand a market crash on the other a nuked planet.
Sat Sep 8, 2018, 12:28 PM
Sep 2018

I'll take the market crash if it gets rid of a president who has serious anger management issues and the nuclear football.

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