by David Kranzler
Investment Research Dynamics
The stock market has become a powerful political and economic propaganda tool. It’s hard to dispute the idea that economy is not “in a good place” or “booming” when the Dow goes up 100 points or more everyday. Trump understands this and has been coercive in the Fed’s decision to loosen monetary policy and re-start the money printing press. Ironically, Trump tweeted this in 2012 (as sourced by northmantrader.com):
[…] Make no mistake, the economy nearly every sector of the economy is contracting except consumer spending and defense spending, both of which are being driven by record levels of consumer and Government debt.