Profile picture
Seth Cotlar @SethCotlar
, 7 tweets, 4 min read Read on Twitter
With the Dow Jones down 2% over the past 12 months, thought I'd look back at Trump's tweets about the stock market over time.
Lesson 1: When markets go down it's always connected to who the President is, but only when that President is Obama.
Lesson 2: Back in 2011 he complained about the Fed's low interest rates when he wasn't President, now he berates the Fed to keep rates low.
Lesson 2a: He's not very good at predicting inflation.
Lesson 3: As any market watcher will tell you, never make confident predictions in public about what the market will do unless you want to look like an idiot.
Lesson 4: That tax cut which the @gop passed a year ago which was supposed to goose the economy and the stock market? Yeah, not so much, at least as of today.
That last one seems pretty significant. Imagine pumping $1.5 trillion into the economy with a tax cut, and having the stock market be down 2% a year later. Nor does wage growth seem to have been impacted by the @gop's signature (only?) legislative accomplishment.
Enormous caveat for this thread: I'm a historian, not an economist. I know how to read charts and I understand basic economics...and that's all this is based on. But from what I see (and what "many people" I know are saying), I worry the #TrumpRecession might be heading our way.
Missing some Tweet in this thread?
You can try to force a refresh.

Like this thread? Get email updates or save it to PDF!

Subscribe to Seth Cotlar
Profile picture

Get real-time email alerts when new unrolls are available from this author!

This content may be removed anytime!

Twitter may remove this content at anytime, convert it as a PDF, save and print for later use!

Try unrolling a thread yourself!

how to unroll video

1) Follow Thread Reader App on Twitter so you can easily mention us!

2) Go to a Twitter thread (series of Tweets by the same owner) and mention us with a keyword "unroll" @threadreaderapp unroll

You can practice here first or read more on our help page!

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just three indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member and get exclusive features!

Premium member ($30.00/year)

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!