1. Many retirement savings accounts lost many
2. The stock market is taking a beating
3. The debt and deficit are on the rise
Is that what his loyalists expected?
Then, there are the matters of squandering money on a partial wall, the collapse of affordable healthcare without a replacement, the revolving door of the executive branch executives and staff, and chronic corruption. Trump didn't drain the swamp; he built another one.
"Stock markets tumble on corporate earnings, rising interest rates
The Dow Jones industrial average plummeted more than 2 percent in afternoon trading as a key U.S. government bond yield hit 3 percent for the first time in more than four years and several major companies signaled difficult times ahead.
Traders have been worried that the rising yield of long-term government bonds may mean higher rates for consumers and companies and a period of falling stock prices.
Meanwhile, 3M, the maker of Scotch tape and Post-it Notes, weighed heavily on the Dow after the company said it would lower its earnings guidance for 2018. Shares of the bellwether multinational dropped more than 8 percent, and other industrial corporations followed suit."
The Washington Post email
Image: This Is Money
"Nearly half of country has $0 invested in the market, according to the Federal Reserve and numerous surveys by groups such as Gallup and Bankrate. That means people have no money in pension funds, 401(k) retirement plans, IRAs, mutual funds or ETFs. They certainly don't own individual stocks such as Facebook or Apple.
ReplyDeleteWall Street is not Main Street. Many presidents have learned that lesson. Trump's challenge is to help lift jobs and wages in the "real economy." Herlt is optimistic. He believes Trump does care about "normal, everyday people" like him.
Dow Jones closes above 22,000 for first time, driven almost entirely by Apple stock
Stock ownership is "heavily tilted toward rich guys: doctors, lawyers, accountants. It's not the middle class," says Steven Rosenthal, a senior fellow at the Tax Policy Center."
http://www.chicagotribune.com/business/ct-americans-dow-22000-investing-20170803-story.html