Trump lost a lot of his money, but he's losing a lot more of ours, says TimMullaney
So you lost almost 2% of your money in stocks yesterday because President Donald Trump opened his fool mouth about trade again, threatening 25% tariffs on Chinese goods that free markets have decided they want.Tuesday night’s bombshell report that transcripts of his tax returns show Trump managed to lose more money than any other American businessman for nearly a decade between 1985 and 1994 — a $1.17 billion cascade of other people’s up-in-smoke cash — is more than embarrassing.
Instead, look at the connection between the policies he brays about, and the constituencies he has promised that only he can fix their problems, and the stocks they’re supposed to help. The KBW Nasdaq Bank Index BKX, +0.01% is down 7.6% in the last year, even as the Dow Jones Industrial Average DJIA, -0.11% is up 6.6%. That index includes all the usual suspects — JPMorgan JPM, +0.11% Goldman Sachs GS, -0.12% , Bank of America BAC, +0.10% and more. Trump was supposed to help banks — by raising interest rates, and by gutting consumer protection. He hasn’t done either one effectively, so the stocks are slowly giving back their Trump bounce.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Melania Trump praises Twitter, Facebook as 'true partners' as Donald Trump Jr. slams their 'political discrimination'“Your work is saving lives and helping children,' Melania Trump said of Twitter, Facebook, Google and other organizations.
Consulte Mais informação »
Donald Trump is not the first president to fight subpoenasCongress’s ability to scrutinise the executive branch rests on fragile norms
Consulte Mais informação »
Tiger Woods receives Presidential Medal of Freedom from Donald Trump at White HouseTiger Woods received the Presidential Medal of Freedom from Donald Trump in a ceremony at the White House Rose Garden on Monday.
Consulte Mais informação »
Candace Owens says it would be funny if Donald Trump deported Ilhan OmarOwens was responding to Omar’s criticism of Israel.
Consulte Mais informação »
Venezuelans deserve to know just how far Donald Trump will go to help them | OpinionWill we stand by, as we did in Hungary, or intervene if forces loyal to Maduro begin arresting and executing people en masse?
Consulte Mais informação »
Donald Trump is not the first president to fight subpoenasCongress’s ability to scrutinise the executive branch rests on fragile norms
Consulte Mais informação »
Don’t be surprised when Donald Trump pardons war criminals'I doubt we will be seeing any Hollywood-backed films and television series dedicated to the countless faceless victims of American war crimes around the world.' Opinion | thewarjournal
Consulte Mais informação »
Melania Trump praised for #NationalDayofPrayer 'freedom of religion' comment as Donald references 'witch hunts''God Bless this great nation where we cherish the freedom of religion,' the first lady tweeted.
Consulte Mais informação »
A History Of Tiger Woods' Business Entanglements With Donald TrumpPresident Donald Trump's decision to award Tiger Woods the Presidential Medalof Freedom does little to curb the ongoing criticism that he's using hisoffice to further his business interests
Consulte Mais informação »