“Trump is so disconnected from the American Public, that he calls a recession that will cripple the economy and kill American dreams, as “just a period of transition” as he goes on Fox Business with his best friend Maria Bartiromo and makes it worse, as we woke up to an increasingly gloomy financial markets who weren’t happy with his comments. Michael Popok puts on his Wall Street hat to do a deep dive.”

Source:Meidas Touch with a look at President Donald J. Trump (MAGA, Florida) 47th POTUS & its 1st wannabe dictator.

From the Meidas Touch

I would be 1 of the last people to claim to be an expert on Wall Street… but only because I’m not. But I know this fact about it: if there’s 1 thing that they want and expect the most from government, it’s stability:

They want to know what the government policy is

what the taxes are going to look like

tariff policy

whether the U.S. Government will shut down or not.

And the fact that the President of the United States doesn’t know, or can’t even predict whether or not the American economy which hasn’t been in recession since 2020, will be in recession or not (on his watch by the way) at some point this year, is really bad for Wall Street. Which is really bad for anyone who has money in the market, perhaps runs their own business, looking to buy a home, get a loan, etc.

As much Donald Trump might want to call himself “the Wall Street President”, (which is what he was doing in his first term, before the Stock Market crashed on his watch the 1st time, because of COVID, which was also on his watch.) he’s more like the last guy at the bar President, whose barely able to stay up on his stool. He just says whatever comes to his mind off the cuff, takes the last position form the last person that he talked too.

And when the flip of the coin approach to governing works, the President takes credit for it, when it doesn’t, he acts like he never spoke to that person before, or blames in on Joe Biden. And Wall Street doesn’t want people like that running the economy and the country. But a lot of those folks voted for the madman anyway.

Source:The New Democrat

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