When the stock market tanks, so too will whatever’s left of Trump’s popularity. From Duane Norman at Free Market Shooter, fmshooter.com:
The Dow Jones industrial average rose about 140 points and hit intraday and closing records, surpassing a previous all-time high of 21,391.97, which was set last week.
The S&P 500 gained 0.8 percent to also reached record levels, with information technology rising 1.4 percent to lead advancers. The Nasdaq composite outperformed, rising 1.65 percent.
In an article written for Single Dude Travel and published the day Trump took office, I stated what many others have already been saying for a long time; the market is far overdue for a correction to the downside, and when the whole charade comes crashing down, President Trump is gonna wear the whole thing around his neck:
Whether it was Clinton or Trump, whomever won the Presidency was going to be saddled with $20 trillion of debt (not counting the off-the-books liabilities like Social Security, Medicare and pensions), and a stagnant economy that consists largely of welfare recipients, a defunct healthcare system, and several states and municipalities on the brink of insolvency.
Not exactly a recipe for success.
Brandon Smith of Alt-Market elaborated on why Trump is the perfect person for the Deep State / Central Bankers / Globalist movements to blame for the coming market collapse…
With interest rates increasing, I would point out that market behavior has changed. The meteoric rise has stalled. In the past few months stocks have barely budged 1 percent either up or down per week. Except for last week when something strange happened; markets suddenly dropped nearly 400 points in a single day. Why? Well, that is a subject up for debate, but the majority of mainstream news outlets will tell you that it was all Donald Trump’s fault.
I have been warning since long before the election that Trump’s presidency would be the perfect vehicle for central banks and international financiers to divert blame for the economic crisis that would inevitably explode once the Fed moved firmly into interest rate hikes. Every indication since my initial prediction shows that this is the case.
The media was building the foundation of the narrative from the moment Trump won the election. Bloomberg was quick to publish its rather hilariously skewed propaganda on the matter, asserting that Trump was lucky to inherit an economy in ascendance and recovery because of the fiscal ingenuity of Barack Obama. This is of course utter nonsense. Obama and the Fed have created a zombie economy rotting from the inside out, nothing more. But, as Bloomberg noted rightly, any downturn within the system will indeed be blamed on the Trump administration.
To continue reading: Trump Is Setting Himself Up To Take All The Blame When The Stock Market Tanks