Author Topic: For Trump, the economy is a potential 2020 storm cloud  (Read 497 times)

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Offline TomSea

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For Trump, the economy is a potential 2020 storm cloud
« on: December 18, 2018, 07:56:46 am »
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For Trump, the economy is a potential 2020 storm cloud
JONATHAN LEMIRE and CATHERINE LUCEY

Forget Robert Mueller.  The greatest threat to President Donald Trump’s re-election bid may not be the slew of investigations closing in on his Oval Office but a possible economic slowdown. And the president knows it.

The Dow Jones Industrial Average fell again Monday, the latest dip in the roller coaster markets amid the strain of Trump’s trade war, rising interest rates and worries about a slowing global economy.

By – Associated Press – Tuesday, December 18, 2018

Trump, who has tied his political fortunes to the stock market in an unprecedented fashion, has nervously watched Wall Street, keeping an eye on the cable television ticker and barking at his aides for updates. And while he continues to talk up America’s financial might, he has repeatedly and publicly rebuked the chairman of the Federal Reserve for interest rate increases he feels could slow down the economy.

Read more at: https://johnib.wordpress.com/2018/12/18/for-trump-the-economy-is-a-potential-2020-storm-cloud/

Offline Applewood

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Re: For Trump, the economy is a potential 2020 storm cloud
« Reply #1 on: December 18, 2018, 02:04:23 pm »
I've been reading warnings of a looming global recession coming.  How much any of Trump's unsound economic policies may contribute to that recession is a question mark, but I do believe the bottom is going to fall out here at home.  While Trump supporters try to gloss over the recent sharp plunges in the stock market, they do seem to foretell a real calamity coming.  These drops are not ordinary market corrections.  They show something is very wrong.  And no amount of phony economic numbers from the BLS and other government agencies can hide it.
« Last Edit: December 18, 2018, 04:38:01 pm by Applewood »

Offline libertybele

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Re: For Trump, the economy is a potential 2020 storm cloud
« Reply #2 on: December 18, 2018, 03:52:45 pm »
Auditing the FED and abolishing the IRS would be most helpful.

If the economy is left to be 'itself' rather than the FEDS raising interest rates and making other adjustments, such as printing more money, etc., thereby manipulating the market, the economy would be cyclical. 

Raising tariffs certainly didn't help. 

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