{"id":37422,"date":"2018-03-27T19:39:54","date_gmt":"2018-03-28T02:39:54","guid":{"rendered":"http:\/\/www.newscorpse.com\/ncWP\/?p=37422"},"modified":"2018-03-27T23:36:22","modified_gmt":"2018-03-28T06:36:22","slug":"donald-trumps-ignorance-of-wall-street-would-be-hilarious-if-it-werent-so-dangerous","status":"publish","type":"post","link":"https:\/\/www.newscorpse.com\/ncWP\/?p=37422","title":{"rendered":"Donald Trump&#8217;s Ignorance of Wall Street Would Be Hilarious if it Weren&#8217;t So Dangerous"},"content":{"rendered":"<p>The topics Donald Trump takes up on Twitter almost always fall into one of two categories. Either he is lashing out at a perceived enemy (fake news, Alec Baldwin, etc), or he is exalting himself for something for which he doesn&#8217;t deserve any credit. The patterns are predictable and invariably involve childish outbursts.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.newscorpse.com\/Pix\/Trump\/trump-loser-emoji.jpg\" alt=\"Donald Trump\" width=\"550\" height=\"295\" class=\"aligncenter size-full wp-image-36578\" \/><br \/>\n<a href=\"https:\/\/www.facebook.com\/NewsCorpse\/posts\/2089712711043513\" target=\"_blank\" title=\"Share on Facebook\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.newscorpse.com\/Pix\/Advs\/fb-share-tn.jpg\" width=\"274\" height=\"20\" class=\"aligncenter\"\/><\/a><\/p>\n<p>One of the most frequent subjects of his self-praise involves the performance of the stock market. He likes to point it out whenever it goes up and baselessly attribute that activity to his unique awesomeness. And for some reason, he never mentions it when it goes down. News Corpse noted this peculiarity back in January, which was the last time that Trump tweeted about an up day in the market. He&#8217;s been uncharacteristically quiet on this subject until yesterday. The article warned that Trump\u2019s bragging would come back to \u201c<strong><a href=\"https:\/\/www.newscorpse.com\/ncWP\/?p=36737\" rel=\"noopener\" target=\"_blank\">Bite Him in His Sh*thole Country<\/a><\/strong>\u201d and said in part that&#8230;<\/p>\n<blockquote><p><strong>\u201cIt\u2019s always dangerous to rely on stock market performance to validate the economy. There are too many factors that can shift investor sentiment. It is a fluid indicator that could reverse course tomorrow. Indeed, many stock analysts regard the market\u2019s current position as overvalued. These analysts are predicting a \u2018correction\u2019 that could send the markets down significantly.\u201d<\/strong><\/p><\/blockquote>\n<p>Apparently Trump failed to heed my warning. Yesterday he posted a tweet congratulating himself again on a big market gain. He&#8217;s Replying to a CNBC tweet that notes <em>&#8220;Dow posts third best one-day point gain ever.&#8221;<\/em><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Great news! <a href=\"https:\/\/twitter.com\/hashtag\/MAGA?src=hash&amp;ref_src=twsrc%5Etfw\">#MAGA<\/a> <a href=\"https:\/\/t.co\/mRQGRJkozC\">https:\/\/t.co\/mRQGRJkozC<\/a><\/p>\n<p>&mdash; Donald J. Trump (@realDonaldTrump) <a href=\"https:\/\/twitter.com\/realDonaldTrump\/status\/978368319542702080?ref_src=twsrc%5Etfw\">March 26, 2018<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Indeed the market soared 669 points on Monday. What Trump failed to mention was that on Thursday it dropped 725 points, and went down another 424 points on Friday. That&#8217;s a total of 1,149 points. So Monday&#8217;s gain didn&#8217;t come close to making up last week&#8217;s losses. And to make matters worse, the market took another dive today of 344 points. So the market is still down 824 points since Thursday. In fact, it&#8217;s down 2,759 points in the past thirty days, which puts it deep in <em>&#8220;correction&#8221;<\/em> territory.<\/p>\n<p>The most often cited cause for this recent decline is Trump&#8217;s ill-considered and reckless declaration of a trade war with Asia and Europe. And his recent tax scam legislation that gave corporations and the wealthy big tax cuts and exploded the national debt by over a trillion dollars didn&#8217;t help matters either. Knowledgeable analysts recognize that Trump and the Republican Congress are squarely to blame for our current state of economic crisis.<\/p>\n<p>The actual damage that Trump does is only one part of what makes him so dangerous. His insistence on lying about his failures afterward congeals the whole mess into a spreading catastrophe. The dimwitted disciples who can never find fault with Trump will believe whatever he tells them to believe. Consequently, they have no idea of where the market is now or what reasonable steps should be taken to mitigate any further harm to the American families who rely on their investment earnings for current or future needs. And the GOP Congress and Trump have shown clearly that they couldn&#8217;t care less. But then, we already knew that.<\/p>\n<blockquote>\n<p style=\"text-align:center;\"><strong>How Fox News Deceives and Controls Their Flock:<br \/>\n<a href=\"https:\/\/www.amazon.com\/gp\/product\/B00QSSMOES\/ref=as_li_tl?ie=UTF8&#038;camp=1789&#038;creative=9325&#038;creativeASIN=B00QSSMOES&#038;linkCode=as2&#038;tag=newscorpsecom-20&#038;linkId=TLI6JC2OYE22MUTS\" target=\"_blank\">Fox Nation vs. Reality: The Fox News Cult of Ignorance.<\/a><br \/>\nAvailable now at Amazon.<\/strong><\/p>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>The topics Donald Trump takes up on Twitter almost always fall into one of two categories. Either he is lashing out at a perceived enemy (fake news, Alec Baldwin, etc), or he is exalting himself for something for which he doesn&#8217;t deserve any credit. The patterns are predictable and invariably involve childish outbursts. One of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":36578,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[219,1],"tags":[554,1141],"class_list":["post-37422","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-general","tag-donald-trump","tag-economy"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-loser-emoji-e1571261064815.jpg","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p4Ijg-9JA","jetpack-related-posts":[{"id":41366,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=41366","url_meta":{"origin":37422,"position":0},"title":"Trump&#8217;s Pitiful Ignorance of Fiscal Policy is Driving His Dangerous Assault on America&#8217;s Economy","author":"Mark NC","date":"4\/30\/2019","format":false,"excerpt":"The risks posed by the unprecedented incompetence of Donald Trump are more apparent with each passing day. He has damaged our nation's relationships with decades-long allies, while cozying up to hostile enemies. He has maligned Americans in politics and the press as corrupt, dishonest, and even treasonous. His agenda is\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/www.newscorpse.com\/ncWP\/?cat=219"},"img":{"alt_text":"Donald Trump, Stock Market","src":"https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-stock-market.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-stock-market.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-stock-market.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":36898,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=36898","url_meta":{"origin":37422,"position":1},"title":"Stock Market Down Over 300 Points in Advance of Trump&#8217;s State of the Union Speech","author":"Mark NC","date":"1\/30\/2018","format":false,"excerpt":"For some reason Donald Trump hasn't tweeted about the stock market this week. That's peculiar because Trump has made it a sacrament of his presidency that the performance of the stock market is an indicator of his success. That has always been a downright stupid idea. Firstly because he has\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/www.newscorpse.com\/ncWP\/?cat=219"},"img":{"alt_text":"Donald Trump","src":"https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-loser-emoji-e1571261064815.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-loser-emoji-e1571261064815.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-loser-emoji-e1571261064815.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":43435,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=43435","url_meta":{"origin":37422,"position":2},"title":"The Real Horror Show: Trump vs Trump on Democrats and the Economy","author":"Mark NC","date":"12\/6\/2019","format":false,"excerpt":"The Bureau of Labor Statistics released its report for the month of November on Friday morning. Its top-line numbers looked pretty good, although there are caveats that need to taken into consideration, such as the fact that in November 42,000 striking GM auto workers went back to work at the\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/www.newscorpse.com\/ncWP\/?cat=219"},"img":{"alt_text":"Donald Trump Rally Trash","src":"https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-rally-trash.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-rally-trash.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-rally-trash.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":60291,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=60291","url_meta":{"origin":37422,"position":3},"title":"Fox News Host Neil Cavuto Interrupts Trump&#8217;s Lying to Note &#8216;He&#8217;s Not Entitled to His Own Facts&#8217;","author":"Mark NC","date":"2\/24\/2024","format":false,"excerpt":"Future psychiatrists and historians are going to have a field day exploring the paranoia, narcissism, and crybaby theatrics of Donald Trump. His deep-seated perceptions of victimhood form the foundation of his persistent hostility and emotionally disturbed detachment from reality. It's a classic case of self-deception that is buttressed by his\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/www.newscorpse.com\/ncWP\/?cat=219"},"img":{"alt_text":"Donald Trump, Wah","src":"https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-wah.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-wah.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-wah.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":44077,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=44077","url_meta":{"origin":37422,"position":4},"title":"SO WHAT? &#8216;Wall Street Loves Donald Trump&#8217; Says Trump-Fluffing Fox News Flunky","author":"Mark NC","date":"2\/14\/2020","format":false,"excerpt":"Perhaps the most frequently cited argument Donald Trump leans on to convince people he should be reelected is the performance of the stock market and the economy during his presidency. He is anxious for the America people to examine those factors when deciding who to vote for in November. 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He is constantly bragging that he is the best at whatever is occupying his cartoon brain at the moment, and he thinks he knows more about everything than anyone else. It's symptomatic of\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/www.newscorpse.com\/ncWP\/?cat=219"},"img":{"alt_text":"Donald Trump","src":"https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-tweet-stocks.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-tweet-stocks.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-tweet-stocks.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=\/wp\/v2\/posts\/37422","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=37422"}],"version-history":[{"count":5,"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=\/wp\/v2\/posts\/37422\/revisions"}],"predecessor-version":[{"id":37427,"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=\/wp\/v2\/posts\/37422\/revisions\/37427"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=\/wp\/v2\/media\/36578"}],"wp:attachment":[{"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=37422"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=37422"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=37422"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}