So while we are talking about the economy, lets take a moment to discus
how the Dow Jones dropped by 6% today in less than 15 minutes.
It wasn't "Animal Spirits" or ghosts, or the "Middle Finger of God" that caused that to happen.
Donald Trump said "renegotiate NAFTA" at his speech in Ohio today
which immediately caused a rapid drop of the Dow by 1600 points.
Standard and Poors, and NASDAQ also dropped a significant amount
and the Stock Market closed today with a continuing drop.
That will also cause a downturn in both European and Asian markets by tomorrow.
Because blue chip companies like Microsoft took a 9% loss today followed by
significant losses for Exxon and others.
However, that is only the beginning of a nasty market down turn
which will get much worse when Mitch McConnell shuts down
the United States government on February 8th, 2018.
www.washingtonexaminer.com/next-week-shutdown-showdown-part-2/article/2648007I shouldn't have to remind you all that a government shutdown
will render the American stock market unable to operate because it will
be unable to obtain financial information from the government.
Furthermore, a government shutdown will also prevent renewal of
both credit and debit cards, and will prevent the purchase of
real-estate for the duration of the government shutdown.
Which will cause further severe damage to the economy.
Without a doubt the cost is high for everyone every time Donald Trump opens his pie hole.
Republicans are just bad for business for everyone everywhere...
