Trump Blames Today for Market Turbulence

Comments

1
Does Trump really not understand how the stock market works?

Jesus... of course he doesn't. How on Earth is anyone still supporting this guy? A supposed billionaire who doesn't even know how the stock market works. The head of a capitalist country and he doesn't really understand it.
2
@1: Because Trump's power corrupts his base, and his absolute power corrupts his base absolutely.
3
If I follow the news correctly, the market is correcting because investors are worried about inflation resulting from growth in wages. Am I missing something or isn't that what republicans wanted with their tax plan?
4
@1 um...duh?

@3, simplified. It'd be silly to say that investors as a class are doing anything for any single reason, but yea higher probability for more interest rate hikes seems to have lit this candle.
5
@4,
Yeah I know. I can't believe I am still occasionally surprised by Trump's lack of knowledge.

I mean, it's not even that complicated. I remember learning about the stock market in 4th or 5th grade or something by the class pretending to buy stocks and seeing how they do over the school year. And Trump is supposedly wealthy. And supposedly has a lot of investments in the market and I don't and I still kind of feel like I understand the stock market better than he does... jesus here I go again. Ok I'm out. Getting a drink. Happy friday everyone.
6
Why would anyone expect a goombah whose "wealth" comes from real-estate to know anything about how the stock market works?

Hell, I'd be surprised if he even has significant stock holdings, seeing as how all his money appears to be tied up in hotels, apartment buildings, office towers, and the lower end of Putin's alimentary canal.
7
Time and truth are fluid and relative with this guy ... the words he says mean exactly what he means them to say, at that time, much as those who don't automatically praise and applaud Dear Fearless Leader whenever he's Fabulous are ... treasonous.

Who's writing our future? Orwell? "The horrible thing about the Two Minutes Hate was not that one was obliged to act a part, but that it was impossible to avoid joining in. Within thirty seconds any pretence was always unnecessary. A hideous ecstasy of fear and vindictiveness, a desire to kill, to torture, to smash faces in with a sledge hammer, seemed to flow through the whole group of people like an electric current, turning one even against one's will into a grimacing, screaming lunatic. And yet the rage that one felt was an abstract, undirected emotion which could be switched from one object to another like the flame of a blowlamp."
Or Lewis Carroll: " 'When I use a word,' Humpty Dumpty said in rather a scornful tone, 'it means just what I choose it to mean - neither more nor less.' "

Aided by complicit Republicans, down the rabbit hole we go ... straight to the sewers.
8
From Wall Street's point of view, it's pretty simple. The Trump/GOP budget boosts spending and lowers tax revenue, which raises the deficit, which increases fed borrowing, which drives interest rates up, which makes debt a more attractive investment, which means investors move money from the stock market (and real estate) to bonds, and stock prices fall.

It will be interesting to see what happens to the real estate market.

.
9
NO, Trumpzilla and your stooges in lockstep: I blame YOU for market turbulence.
ITMFA!