Economist Says 'Market Will Never Recover Under Trump.' Dow Hits All Time High SAME DAY!
The last few days have been filled with leftists fudging in their Huggies. They tossed tolerance to the wind and instead embraced full panic mode. We've seen everything from crying to flaming riots. Not that we're surprised (see TRUMP WINS ELECTION: Hillary's Liberals Lose It!). Liberals are plagued by the PMS fairy year round. Their tempremenstrual rage comes in lots of different forms. For instance, economist Paul Krugman declared the economy would crash permanently. Because Trump.
Clearly fear mongering is at an all time high. But apparently so is the Dow...
New York Times opinion writer and economist Paul Krugman predicted that the stock market will "never" recover from Donald Trump's presidential victory, only to be proven spectacularly wrong in a day.
Krugman said in his post[,] "If the question is when markets will recover, a first-pass answer is never. We are very probably looking at a global recession, with no end in sight. On economics, as on everything else, a terrible thing just happened."
Come Wednesday morning, the fever had almost entirely broken in the U.S. The Dow, Nasdaq, and S&P 500 all rose by more than a percent. Later in the day, the Dow surged above its all-time closing high... Finish[ing] the day up about 257 points overall.
Yeah, turns out the only catastrophe taking place is the fecal apocalypse coming from Krugman's mouth. It was to be expected of course. Common leftist reaction to things not going their way.
Look, nobody's saying Trump will magically fix everything overnight. There's no sorcery afoot. Unlike the goings-on at Hillary's spirit cooking dinners. We're simply saying a Trump presidency isn't the end of the world (see Why I'm Begrudgingly Voting for Donald Trump). Far better than a Hillary one, in fact. Michael Moore stressing himself into a McHeart Attack on cable news isn't reason for everyone else to rupture a blood vessel too. Calm your ponies.
The leftist herd has begun a panicked stampede, sweeping everyone up into their stompage. Much like they did with Brexit. Yes, things are going to change, but one thing has remained the same: liberals are wrong. They were wrong about Brexit, they were wrong about the election, and they were wrong about the the market. Hence why America didn't elect a Democrat this time around. People are tired of liberal wrongness.
Speaking of which...