Posted on 09/29/2016 11:38:30 AM PDT by Ernest_at_the_Beach
Donald Trump is seeing ugly bubbles in stocks.
By MarkDeCambre
“We are in a big fat ugly bubble, and we better be careful,” declared Republican presidential nominee Donald Trump at the first of three debates with Democratic rival Hillary Clinton on Monday.
The statement was one of many zingers Trump lobbed as he attempted to cast the economy and the U.S. market as standing on a precarious footing. It is a charge that, in part, he hopes will serve as a rebuke to President Barack Obama’s presidency and indirectly to Clinton who served as U.S. Secretary of State.
At least one Wall Street economist agrees with Trump.
In an op-ed written in The Wall Street Journal late Wednesday Morgan Stanley chief economist, Ruchir Sharma, says, Trump’s bubblicious depiction of the state of equities isn’t off base, given the degree to which the Federal Reserve is propping up stocks by maintaining ultralow interest rates in place. Sharma says about 60% of the gains from the stock market since dovish monetary policy was enacted in the wake of the 2008 financial crisis can be attributed to central-bank support. Sharma puts it like this:
(Excerpt) Read more at marketwatch.com ...
Pretty safe statement, since markets always create bubbles. It’s not a bug, it’s a feature.
Trump is business man and he didn’t get there by been a community organizer or a crooked like Hillary.
When our national debt bubble bursts, the whole shebang collapses.
A completely accurate statement that everyone on Wall Street knows is true. Whether it will end in a crash or a whimper nobody knows but end it will
....and Odungo will make it happen in December as he leaves...”Good Luck America”
Have no doubt that some politicians and investors have them selves positioned perfectly.
Never let a crisis go to waste
BBB
Have no doubt that some politicians and investors have them selves positioned perfectly.With uncanny perfect timing.
It’s one thing to say the Fed has created a bubble, it’s another to claim that the reason they’ve done so is to influence this particular election and help one particular candidate.
Trump is right. The high market is directly tied to big government. If trump wins the market will be in the toilet in a hurry. Wall Street has no clue how to make money in the real world.
so much for neutral! Central banker caught making campaign contribution.
I bet they are in hysterics at ZeroHedge. This is the end!!!!!
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