Everyone’s gonna find out Trumps 4% GDP growth pace in the second quarter came on the back of American firms dumping goods into foreign markets before the tariffs kicked in. Growth is going to shit the bed in Q3.
Sure it is. Just like electing Trump will immediately crash the economy.
"I have no stocks. I advise people not to invest in the stock market, not now. Way too dangerous." Film maker Michael Moore, August, 2017.
"Trump's domestic policies would lead to recession." Former GOP presidential candidate Mitt Romney, March 2016.
"If Trump wins we should expect a big markdown in expected future earnings for a wide range of stocks — and a likely crash in the broader market (if Trump becomes president)." Eric Zitzewitz, former chief economist at the IMF, November 2016.
"Under Trump, I would expect a protracted recession to begin within 18 months. The damage would be felt far beyond the United States." Former Clinton and Obama chief economist Larry Summers, June 2016.
"Citigroup: A Trump Victory in November Could Cause a Global Recession", Bloomberg Financial News headline, August 2016.
"Wall Street is set up for a major crash if Donald Trump shocks the world on Election Day and wins the White House. New research out on Friday suggests that financial markets strongly prefer a Hillary Clinton presidency and could react with panicked selling should Trump defy the polls and deliver a shocking upset on Nov. 8." Ben White, Politico, October 2016.
"A President Trump Could Destroy the World Economy", headline of Washington Post editorial, October 2016.
Say it with me Reddit. DRUMPTHS DONE FOR.