Stock market gives the finger to Donald Trump
If nothing else, Donald Trump’s failed presidency is proving that he never, ever had a clue about economics, legitimate investing, or negotiating anything. He keeps making stupid economic moves that the average porcupine would likely reject on spec, and sure enough, Wall Street investors just signaled to Trump that they wish he’d get attacked by a porcupine.
Forgive the silly analogy; we’ve just run out of ways to express how idiotic Donald Trump’s trade war is. He adds more tariffs on Chinese goods, China shrugs it off, the U.S. economy takes a hit, U.S. investors pull out of the market, and then Trump adds even more tariffs on Chinese goods. His latest round of tariffs over the holiday weekend is so comprehensive, and so damaging, Wall Street essentially gave him the finger today.
The Dow Jones Industrial Average dropped as much as four hundred points today, before ultimately closing down 285 points for the day. Stock market investors have had enough of Trump’s antics, to put it mildly. This comes amid news that U.S. manufacturing activity dropped last month for the first time in years, even as China continues to signal that it’s not going to cave no matter how much damage Trump does to his own economy.
Meanwhile, Donald Trump is busy attacking the Mayor of London while spelling the guy’s name wrong, attacking China, attacking Germany, attacking respected economists, and crapping himself in general. Trump has no idea what he’s doing when it comes to any of this. Then again, why would anyone expect him to? He spent his entire career running real estate scams, defrauding his investors, borrowing money and never paying it back, and living a pseudo-life of luxury on credit while being flat broke and deeply in debt. All he knows how to do is cheat suckers – and he’s learning the hard way that China and other world economies aren’t suckers.
