Ignore the stock market — Wall Street dealing with painful detox from government spending addiction
If you listen to the fat cat community long enough, you’d think Trump has been in office four years rather than four weeks, and that a small trade surcharge on a car from Mexico is leading us into …
I doubt this has anything to do with tariffs. The Biden administration worked hard to crash the economy. I think the crash is coming no matter what and the idiots will blame our president, of course.
It’s not really the tariffs that has Wall Street worried, it’s the potentially large drop in government spending that has them a little shaky. Money for nothing is the real cause of inflation. Reducing that and deporting freeloaders will drop inflation. All the investment that Trump has arranged will more than offset the decrease in government spending. Tariffs will have a very small impact on prices.
And these NGOs were investors who were not sensitive to pricing. Now they are.
Bessant said 25% of the gdp runs through DC. That’s unsustainable. That adjustment is going to be rocky. How much of that money runs through the markets?
The "Fed pumping" that was happening BIG TIME during Obama, and probably even since, has been a HUGE factor in the DJIA climbing to record heights. All the traditional indicators were showing that most companies were too risky to invest in, but the Fed money overpowered all that.
QE never ended.
Main Street got inflation and corporate America got all time high stock prices.
Bessant said the stock market doesn’t represent everyday Americans. He’s right.
I'm not checking my retirement account until July. I hope things will have rebounded by then. I'm 100% in mutual funds.
The fun part always left out is reciprocity.
They only talk of the tariffs themselves, and their immediate gratification or rather the butt hurt pocketbook.