Sunday, March 7, 2021

Tag: Has President Trump Become the Pied Piper of Wall Street Along with the New York Fed?

Has President Trump Become the Pied Piper of Wall Street Along with the New York Fed?

by Pam Martens and Russ Martens, Wall St On Parade:

Donald Trump continues to go out of his way to tie his reelection chances to the stock market setting new highs by perpetually taking credit for its gains on his Twitter page. No other sitting U.S. president in history has done that because they have all been aware of how fast trends can change in the stock market. In fact, we recall a previous Republican President, George W. Bush, being dismissive of the stock market, saying “they run it up and they run it down,” or words to that effect. (On Wall Street that’s known as a bull raid and a bear raid.)