JUNK JOURNALISM: Bloomberg Hack Blames Trump For Lunatic Jerome Powell’s Market Meltdown
Here is the latest reason to NEVER TRUST the liberal mainstream media.
Bloomberg tried to blame the Jerome Powell stock market crash on President Trump today.
You can tell from the 4th Sentence in the article that they are either extremely stupid or horrifically dishonest.
Here is the first paragraph — which is all you need to read:
Trump Took Credit for Stock Market Records. Does He Deserve Blame for the Plunge?
(Bloomberg Businessweek) — Green means up and red means down in the stock market. Lately there have been many red days. But the true color of today’s market is golden orange—the hue of the pompadour atop the head of President Donald Trump. Because for better and for worse, this has become Trump’s stock market. Until October, the extended bull market was reasonably called the Trump Bump. The decline over the past few months, particularly since the start of December, is the Trump Slump.
The author Peter Coy sees something happening in October when the market started to crash but is not quite sure what that was?
Coy can’t quite understand it?
It’s a complete mystery?
Here’s what the dishonest Bloomberg hacks are hiding from their readers—
By the end of December the Dow Jones dropped 5,036 from its all-time high on October 3, 2018..
Since Jerome Powell’s comments on October 3rd and his continued promises of rate hikes in 2019 the Dow Jones sank 18.7%.
The Dow dropped over 5,000 points or 18% from the all-time highs on October 3rd!
The stock market crashed 14% after the 9-11 Islamic attacks on America.
The Dow Jones dropped over 5,000 points since the Fed’s Jerome Powell’s insidious comments in early October to guarantee interest rate increases from now till infinity.
The DOW reached another all-time high on October 3rd reaching 26,829. It was up for the 103rd time since Donald Trump was elected President and 46% since the November 2016 election.
This was clearly too much for the Fed’s Powell who then scared investors with his message that he will raise rates well into next year.
Over $5 Trillion in Wealth has been erased!
As a result of Fed Chief Powell’s actions, Americans have watched their 401k’s dissolve into thin air.
The Powell Stock Market Crash is now greater than the 9-11 Attack Stock Market Crash!