Donald Trump’s own goal

Financial markets

I don’t know, but if I had to guess, it really would have helped the stock market if Donald Trump had responded appropriately to the coronavirus epidemic/pandemic rather than minimizing it and fretting about how it was affecting the stock market.[1] As it stands, the market came rather near to bear market territory,[2] and the writing on the wall seems to be that those poor beleaguered capitalists will soon be in a bear market.

Paul Vigna, Avantika Chilkoti, and David Winning, “Stocks Fall More Than 7% in Dow’s Worst Day Since 2008,” Wall Street Journal, March 9, 2020, https://www.wsj.com/articles/asian-stock-markets-in-early-monday-sell-off-after-saudi-arabias-decision-to-cut-most-of-its-oil-prices-11583713399


  1. [1]Dana Milbank, “For Trump, a reckoning has come,” Washington Post, February 28, 2020, https://www.washingtonpost.com/opinions/2020/02/28/trump-reckoning-has-come/; Ashley Parker, Yasmeen Abutaleb, and Lena H. Sun, “Squandered time: How the Trump administration lost control of the coronavirus crisis,” Washington Post, March 7, 2020, https://www.washingtonpost.com/politics/trump-coronavirus-response-squandered-time/2020/03/07/5c47d3d0-5fcb-11ea-9055-5fa12981bbbf_story.html; Paul Waldman, “How coronavirus has deeply flummoxed conservative media,” Washington Post, February 28, 2020, https://www.washingtonpost.com/opinions/2020/02/28/how-coronavirus-has-deeply-flummuxed-conservative-media/
  2. [2]Paul Vigna, Avantika Chilkoti, and David Winning, “Stocks Fall More Than 7% in Dow’s Worst Day Since 2008,” Wall Street Journal, March 9, 2020, https://www.wsj.com/articles/asian-stock-markets-in-early-monday-sell-off-after-saudi-arabias-decision-to-cut-most-of-its-oil-prices-11583713399

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