Since the day Donald Trump was elected president in November 2016, the Dow Jones industrial average has risen by some 35 percent, making the last 14 months one of the greatest bull market runs in history. Some $6 trillion of wealth has been created for Americans -- which is very good news for the 55 million Americans with 401(k) plans, the 25 million or so who have IRAs, and another 20 million with company pension plans and employee stock ownership plans.
The left was certain exactly the opposite would happen with a Trump presidency.
[. . .]
3) "It really does now look like President Donald J. Trump, and markets are plunging. When might we expect them to recover? We are very probably looking at a global recession, with no end in sight." Paul Krugman of The New York Times, the day after the election.
I wonder: Did Krazy Krugman liquidate his stock holdings?
Krugman is living proof that a Nobel Prize (outside of the hard sciences) means nothing. I'm a Dylan fan from way back, long before most of you whippersnappers were born, but the Nobel Prize for Literature?
Related: Left, Right, and Debt
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