Apparently I am locked out of my original blog, MyLiberalBias.blogspot.com, so I am starting over here! Oh well, life goes on ;)
One of the things Trump has been able to say since taking office is how great the stock market is doing. Or was doing. Starting around the end of November, due to many factors including instability, Trump's manufactured trade war and the looming shutdown, the market started to tank. Yes, I know we were in a bubble and it was impossible to sustain the highs we were at, but things started to slide down and FAST. You'll notice Trump stopped talking about the stock market except to blame the Federal Reserve for raising interest rates. I guess Trump thought they should stay at 0% forever. There is a negative correlation between the stock market and government backed bonds. When the stock market is unstable, people invest more in the safer option of government bonds and vice versa. However, Trump can't take any credit for high investment in government bonds. Not flashy enough. Doesn't make his Wall Street Cronies money. We know the shutdown to end all shutdowns
Comments
Post a Comment