Trump's governance style, best described as lurching from self-created crisis to self-created crisis, hits the stock market again. Any reasonably intelligent person could have predicted (based on both history and common sense) that trade wars would hurt the US economy. This has a real impact on Americans. 401Ks dropped impacting people's retirement funds and the loss of valuation for US companies has negative impacts for employees of those firms. Not to mention what farmers are going through due to retaliatory tariffs. And of course Americans pay the tariffs on purchases at the end of the day. Nothing Trump does works. He's just dumb that way. He continuously misidentifies potential solutions to issues and doesn't listen to the experts on potential evidence-based solutions. Link
The market won't drop to Obama levels, or Bush levels or Reagan levels, for obvious reasons. So you can't set the bar there. Set the bar that the President should not intentionally muck up the US economy because he is too stupid to understand it.
Sure. https://nypost.com/2019/05/03/experts-predicted-economic-armageddon-under-trump-where-are-they-now/
I’m getting used to it and planning for my next stocks purchase when it’s down, knowing it’ll go back up over the next few days. How savvy is my strategy?
Oh, so we are going to see trump bad economy-401 for a week like we did over the holidays and then they will scatter when the dow bounces back. It is a trade war, there are going to be casualties but in every war we have to have fortitude to see it thru. I dislike Trump, probably more for making me vote for crooked Hillary as I thought and now know that he is a wack job and not fit to lead our country. But these posts that relish american people losing money just to take a hit at Trump in extremely bad taste. How much money did you lose when the market goes down 2 percent. It is not Wall street that wants this trade war, he is not doing it for the super rich who make more money overseas than what they can make here.
lol he is the uber rich and friends with wall street. why do you think he don't want his tax return go public.
Even if we end up in a full scale trade war, the US will recover quickly as other businesses step in to fill gaps. The US needs to fix a lot of things and politicians, who are much more concerned with re-election than actually being productive, are unwilling to deal with the short term pain needed. This is true of the economy, immigration, entitlements, the DoD, and just about everything else the govt puts their fingers on.
Our farm sector is feeling it. https://www.vox.com/policy-and-politics/2018/11/27/18114566/trump-trade-war-china-farm-bankruptcy
Notice I didnt mention anything about winning or losing. Simply that the US is capable of a quick come back.
sure like the financial crisis, how long is quickly 5, 10 yrs, while economy slowdown, job loss. btw what did trump said "trade war is easy to win", its been almost 2 years since he said that.
The US recovery was hurt by endless regulations. As soon as Trump got into office those regulations started falling away and the economy sped up.
Because he did not pay what Americans think is a fair proportion of his taxes, I would say he paid less than 10% every year. And he is not friends with the wall street elite. They dislike him and think that he is a showy clown.
Oh yeah. The inflation rates that we don't have increasing raised the stock market 8,000 points. I see you understand neither inflation nor the stock market.
yes, but when one side has 500bill in yearly trade and the other has 150 bill in yearly trade, who loses more? After all this China is still going to have a favorable balance of trade with us. it will never be equal, we just want it closer to 50-50, hell even 60-40 would be great, sell us 100 bill less and buy a 100 bill more from us they will still be ahead 400 bill to 250bill.
