Trump Finally Comments on the Stock Slump—by Arguing With It
His words evince both an interest in the market and a lack of knowledge about its gyrations.
On Wednesday morning, President Donald Trump—chief executive of a $19 trillion economy, leader of the free world, commander of a nuclear military force—finally weighed in on the stock market’s sudden decline, by arguing with it. “In the ‘old days,’ when good news was reported, the Stock Market would go up,” he wrote on Twitter. “Today, when good news is reported, the Stock Market goes down. Big mistake, and we have so much good (great) news about the economy!”
There is at least one thing he is right about: The stock market is indeed in a slump. For the linked to market volatility, and headlines . Animal spirits, in the memorable phrasing of the economist John Maynard Keynes, are loose.
