Saturday, August 3, 2019

Or Maybe Not

America has enjoyed unprecedented prosperity because of President Trump. He has fought headwinds never before experienced by any US President. Not only have the courts, the media, and the opposition party done all they can to obstruct the Trump agenda, many members of his own party have secretly or even openly tried to thwart Trump as well. Even the man that President appointed to run the Federal Reserve seems bent on making sure Trump does not win reelection. Until the end of this trading week, the markets withstood all of the tactics the anti-Trumpers employed to knock US stocks down. Then the Fed Chairman had to open his mouth in a way to break Trump by crashing our markets. Alan Greenspan or even Paul Volcker would never have interfered in politics in such a blatant way. I have said recently that the US was enjoying an unprecedented recovery. That resurgence may well be over because of Jerome Powell's devastating remarks.

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