King Trumphey is showing the world that he is completely unstable as he crashes the stock market.
The supporters in my state can look forward to higher taxes and a decimated retirement. I guess they'll be working well into their 90s.
Not Boris Yeltsin hopefully.
Janet Yellen and everyone knows who you meant to type.
LOL! Fixed. Thanks.
shareIf I am not mistaken Trump the citizen constantly railed against the Stock Market because he felt that it was artificially being propped up to support the previous administration. It was the right and especially conservative's goal to paint the previous administration as in the worst financial shape EVER. Worst performing, worst results, weakest financial results, negative, negative, negative.
Yellen HAD to be propping up President Obama.
Donald Trump accused Yellen and the Fed board of playing political games by keeping interest rates low, implying it helps Obama and Clinton.And now here we are. So far the worst performing week and month of December in 10 years and who caused it? Whose fault is it?
“Believe me, we’re in a bubble right now, and the only thing that looks good is the stock market,” Trump said during the presidential debate. “But if you raise interest rates, even a little bit, that’s going to come crashing down. We are in a big, fat, ugly bubble and we better be awfully careful and we have a Fed that’s doing political things.”
Trump is referring to “bubbles” in the economy — over-valued assets — that he believes will crash if and when interest rates jump.
Powell was hired by Trump therefore the buck stops with Trump.
shareFunny how Trump has asked his advisers about firing his own hand picked Fed Chairman, while completely oblivious to the reality that markets hate uncertainty and that doing so would send markets into a tailspin far more than the Fed's rate hikes.