The DOW has been another wild ride!
Dow 1051+
I have a suspicion that there could be some concentrated attempts to damage President Trump by targeting the economy. I realize day-to-day market fluctuations are not an indicator of overall economic health, but many people do not know that. Instead, they will be focusing on the headlines touting large market losses. Today's large swing in the opposite direction feels suspicious, too.
Back in June, Bill Maher said he was hoping for an economic collapse so we can get rid of the President, saying “I think one way you get rid of Trump is a crashing economy. So please, bring on the recession.”
Note recent headlines such as, “Trump's meddling is bad for the economy,” “The Trump tax cuts are putting America in a hole,” “Will an economic slowdown hurt Trump in 2020?” and “Would a weak economy hurt Trump in 2020?”
These all further the impression that using the economy to discredit the President is their ticket for getting him out of the way.
What would be interesting to figure out is exactly who would be willing to suffer short term losses (i.e., two more years) in order to reap bigger benefits when they are back in “control” of the White House. What about Marc Mezvinsky?
What could be done to counter these measures if it were true?