Remember two days ago, when our wonderful “neutral” media were telling us that Trump’s victory was going to decimate both domestic and international financial markets?
Well, here via “Tyler Durden”‘s blog at zerohedge.com, is what actually did happen:
Who would have thought – as recently as two days ago – that a Trump presidency is the best thing for global risk? Certainly not Wall Street experts, all of whom warned of drops as big as 5% should Trump be elected.
And yet, the global repricing of inflation expectations continues at a feverish pace in the aftermath of the Trump victory, leading to another surge in US equity futures, up 15 points or 0.7% to 2175 at last check, with Asian and European stock market all jumping (Nikkei was up a whopping 6.7% after losing 4.6% the day before) after the initial shock of Donald Trump’s election victory gave way to optimism that his plans for fiscal stimulus will provide a boost to the global economy. Commodity metals soared with copper surging 4.5% to $5,658.50 a metric ton, the biggest gain since May 2013, while zinc advanced 2.1% and nickel added 2%. Gold climbed on speculation whether the Federal Reserve will raise interest rates in December.
Wouldn’t it have been nice if the same media which assured us we were facing a fiscal apocalypse were as conspicuous about telling us the exact opposite happened?
When Donald Trump talks about media rigging things, maybe this is what he has in mind.
And you can count on it to continue unabated. Most mainstream media hate Trump, and have no problem compromising their journalistic ethics to pursue that hatred – just as they compromised them to find little or nothing wrong with Barack Obama.
Welcome to the next four years.
