The Stock Market In Trump’s Head Is Doing Much Better Than The One In Real Life
5 years, 4 months ago

The Stock Market In Trump’s Head Is Doing Much Better Than The One In Real Life

Huff Post  

LOADING ERROR LOADING WASHINGTON ― Retirees in a good mood about their portfolios based on Donald Trump’s latest stock market boasts should probably avoid looking at their actual statements. The level of trade policy uncertainty has surged since the beginning of 2018.” Despite the president’s claims of “record territory” numbers for the S&P 500 index, it increased just 150 points between January 2018, when Trump’s much-touted tax cuts started taking effect, and the closing bell on Friday ― an annual growth rate of just 2.9%, or barely ahead of inflation, according to a HuffPost analysis. “I guess we’re in record territory for stock,” Trump said Monday at Joint Base Andrews in Maryland before climbing aboard Air Force One. “It affects everybody.” Notwithstanding the stock market’s recent flatness, though, Moore said Trump had every right to brag about the initial gains. “Hiring just hit a seven-year low, fewer people are getting pay raises, and manufacturing is in a recession as the damage from his reckless trade war slams into workers, farmers, small businesses, and consumers.” Jared Bernstein, once Biden’s top economist in the vice president’s office, said one clear effect of Trump’s trade war has been volatility based on the latest speculation regarding potential agreements to end the tariffs or the imposition of new ones.

History of this topic

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