ChemEngineer
Diamond Member
- Feb 5, 2019
- 6,770
- 6,645
- 1,940
What did the financial *experts* say would happen if Donald Trump was elected president, by some strange turn of events?
Simon Johnson, the Massachusetts Institute of Technology economist, posited that Mr. Trump’s presidency would “likely cause the stock market to crash and plunge the world into recession.”- New York Times, Oct 31, 2016
It really does now look like President Donald J. Trump, and markets are plunging. When might we expect them to recover?
Frankly, I find it hard to care much, even though this is my specialty. The disaster for America and the world has so many aspects that the economic ramifications are way down my list of things to fear.
Still, I guess people want an answer: If the question is when markets will recover, a first-pass answer is never. –Paul Krugman, New York Times economist, November 6, 2016
WHAT REALLY HAPPENED?
Dow Jones Average closed at 19,123 November 1, 2016
28,645 September 1, 2020
Nasdaq closed 5,323 November 1, 2016
11,939 September 1, 2020
Simon Johnson, the Massachusetts Institute of Technology economist, posited that Mr. Trump’s presidency would “likely cause the stock market to crash and plunge the world into recession.”- New York Times, Oct 31, 2016
It really does now look like President Donald J. Trump, and markets are plunging. When might we expect them to recover?
Frankly, I find it hard to care much, even though this is my specialty. The disaster for America and the world has so many aspects that the economic ramifications are way down my list of things to fear.
Still, I guess people want an answer: If the question is when markets will recover, a first-pass answer is never. –Paul Krugman, New York Times economist, November 6, 2016
WHAT REALLY HAPPENED?
Dow Jones Average closed at 19,123 November 1, 2016
28,645 September 1, 2020
Nasdaq closed 5,323 November 1, 2016
11,939 September 1, 2020