DaFuq? Trump knows a known fact also caused a crash?
President Donald Trump wanted to avoid sending the economy into a depression through his contentious plan for tariffs, according to The Wall Street Journal.
Trump privately said he was aware that his broad and steep plan for levies unveiled last week could tip the economy into a recession, but he didn’t want a depression, according to a Wednesday night reportfrom the paper, citing people familiar with the conversations.
Trump also told advisors that he was willing to accept “pain” over the policy, a person who spoke with him on Monday told the Journal.
A depression is considered by economists to take place when a recession becomes more severe and entails higher unemployment and a more prolonged downturn.
The U.S. has avoided them since the Great Depression in the 1930s — when unemployment hit 25% — because of progress in monetary policy and fiscal policy, along with programs like deposit insurance from the Federal Deposit Insurance Corp. $ProShares UltraPro Short QQQ ETF (SQQQ.US)$ $Palantir (PLTR.US)$ $NVIDIA (NVDA.US)$ $Tesla (TSLA.US)$ $Apple (AAPL.US)$ $Amazon (AMZN.US)$
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b00n79 : Why does he care, he and his cronies already earned their fair shares yesterday
fancy_monkey : greed.m
10530367 : down up down up down~ enjoy the ride![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
72166072 b00n79 : you do know they are democrats that are the majority among the rich and corpations and banks.
b00n79 72166072 : Human nature, no one’s ever satisfied with their money they have, nor will they complain on earning more money.
71732910 : I continue to automatically DCA weekly in my portfolios regardless of price. I bought more on big red days. Since I started investing, I've often heard that time in the market is better than timing the market. Slowly but surely, I see the meaning of that statement! I'm also starting to back away from short term options, unless it's guaranteed to make me money. I will still buy long term options with a stop-loss of course. So that's my plan from here on out.
057特蓝不靠普 : Believe him