I recall the weeks before the 2016 election there was widespread agreement that a Trump victory, as unlikely as it might be, would be an unmitigated disaster for the stock market. The market swooned the night he won, then went straight up, interrupted only by a couple of Fed-induced sell-offs. Last week, more all-time highs, and as Keith McCullough likes to point out, that's a long time.
We were assured by "experts" that Trump's aggressive confrontation of China and others on trade issues would be calamitous for both our own economy and world trade in general. We were told Mexico would never renegotiate the foolish NAFTA give away. They laughed at Trump's threat to close the mexican border or impose steep tariffs if Mexico didn't act to restrain illegal immigration. Mexico wasn't laughing. They folded immediately.
The point of this is not to praise Trump. Anyone can see growth is rolling over and the market is being propped up by hopes of rate cuts. The point is to show how dead wrong the "experts" can be and often are. We were told by highly credentialed economists during the Obama regime that 2% GDP growth was the best we could ever expect. Trump called bullshit on that, and it turns out he was right and they were wrong.
Much of the criticism of Trump and his policies came from those trying to protect their own privileged positions in the globalist world trading order. The interests of the country or its workers were not a concern to them. We see the same thing over and over, deeply conflicted "experts" telling us stuff that conflicts with our own common sense and the media mocking and deriding anyone who doesn't immediately hop on board the fake consensus.
We were assured by "experts" that Trump's aggressive confrontation of China and others on trade issues would be calamitous for both our own economy and world trade in general. We were told Mexico would never renegotiate the foolish NAFTA give away. They laughed at Trump's threat to close the mexican border or impose steep tariffs if Mexico didn't act to restrain illegal immigration. Mexico wasn't laughing. They folded immediately.
The point of this is not to praise Trump. Anyone can see growth is rolling over and the market is being propped up by hopes of rate cuts. The point is to show how dead wrong the "experts" can be and often are. We were told by highly credentialed economists during the Obama regime that 2% GDP growth was the best we could ever expect. Trump called bullshit on that, and it turns out he was right and they were wrong.
Much of the criticism of Trump and his policies came from those trying to protect their own privileged positions in the globalist world trading order. The interests of the country or its workers were not a concern to them. We see the same thing over and over, deeply conflicted "experts" telling us stuff that conflicts with our own common sense and the media mocking and deriding anyone who doesn't immediately hop on board the fake consensus.
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