Posted on 11/10/2019 5:39:47 PM PST by Hojczyk
You might find it fun, maddening or confounding– but it’s hard to not to find it interesting to review how wrong so many of us in the media have been when it comes to political and financial predictions in the era of Donald Trump.
One example is a 2016 article by CNN. It’s entitled: “A Trump win would sink stocks.” It doesn’t attribute the prediction to anyone in particular, it simply states it as if it were a fact.
The article goes on to read, “If Donald Trump wins the election…U.S. stocks will almost certainly tank.” The only outstanding question, according to the article, is “How big of a drop?”
A Trump win would sink stocks.
CNN, Oct. 2016 Trump win would cause 8% fall in the U.S. stock market.
Macroeconomic Advisors, 2016 Trump win would cause 10%-15% nosedive in U.S. stock market.
Brookings Institute, 2016 CNN quoted the forecasting firm Macroeconomic Advisors, which predicted there would be an 8% fall in the U.S. stock market if the country were unlucky enough to get Trump as a president. It also mentioned “a new paper out Friday from the Brookings Institute,” which projected “a 10% to 15% nosedive” if Trump were elected.
Read the CNN article from 2016 by clicking here: https://money.cnn.com/2016/10/24/investing/stocks-donald-trump-hillary-clinton/index.html
Fast forward to three years after Trump’s election. Looking back, there was no immediate stock market crash.
Quite the opposite.
Today, a CNBC article points out: “Stock market’s value under @realDonaldTrump has grown by $6.9 trillion to $30.6 trillion.”
Read the CNBC article by clicking here.
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There’s a reason why CNN is called fake news. It’s because it’s... FAKE!
CNN also wasn’t commonly called the Clinton News Network in the 1990s for nothing. You want sunshine and unicorns and Skittles in the news? Just elect Democrats. Overnight, all the nation’s problems will be solved...in the main stream media. In the real world? Not so much.
Remember Krugman day after the election? “Still, I guess people want an answer: If the question is when markets will recover, a first-pass answer is never.”
Has this idiot ever apologized or explained how he got it so wrong?
Barr needs to look into her case. She shouldn’t be fighting this alone.
Retiring Boomers have to go Trump whether they like it or not.
No, because he's an arrogant but marginally talented nebbish. People like him are a scourge on our society, and their access to a soapbox makes them very dangerous. Anyone who lacks humility is someone you should be careful trusting - ever.
I just love Sharyl! She’s awesome. Thanks for posting this.
And me and mine have done nothing but prosper and make cash hand over fist since PDJT was elected. I’m going to miss that...
...FIVE MORE YEARS FROM NOW! MAGA! KAG! :)
A colleague, a democrat, took all of his money out of the stock market after the election to avoid the Trump crash.
I kind of think the market will be made to drop before next Nov. And then back up with PDJT
Now available: Sharyl's latest book Smear. Five stars!
Watch Sharyl host "Full Measure," a Sunday morning talk show on the Sinclair network. More info.
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Wow, I’m sorry but your friend is an idiot. Trump, an international business man, is going to cause a market crash versus an duplicitous witch who has never ran a party store. The stupidity of this assertion is breath taking.
I remember this well.
I am up 33% this year alone.
So what was his reaction when the market went through the roof? Is he still a rat?
Rats don’t change regardless of the facts.
They just get pissed off when the perception of them turns really stupid.
I think it is an indoctrination thingy that has them under some ridiculous spell.
The Marxists can be counted on for accusing any Patriot, but particularly President Trump, of exactly what it is that they are Guilty.
Bark and his Moonbeam handlers immediately went to work and shipped Tax Payer money out of this country, hand over fist, and as Fast and Furiously as humanly and electronically possible, and what he did not ship can be found in multiple Foundations and Leftist Slush Funds and in the personal bank accounts of his entire Administration.
Even the Books. Book writing was even a handsome scam. They ran their numbers up, bought their own books, through community Slush funds and Foundations and those same personal bank accounts.
Mark Cuban also predicted the market would tank if Trump was elected.
Liberal meathead democrats know as much about the economy as they do about educating children, which is nothing. All you have to do is look at the results of their education programs and their dead broke cities.
So don’t confuse him with the facts.
I just don’t understand how some can’t think straight.
Donald Trump has turned everything he has touched into gold his entire life, is a rabid capitalist, international real estate mogul, Hollywood superstar.
Of course he is gonna suck as President.
When President Trump won the election, the Marxist Media were predicting economic catastrophe. These predictions were as accurate as their polls.
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