Remember when a ton of “experts”, hailed by most of our mainstream media as the folks who knew how bad Trump’s tariff policy would be, informed us that his idiotic moves would cause a stock market crash?
Well, yesterday – again (this is turning into a regular occurrence) – the Dow Jones Industrial Average hit a new all-time high.
On election day last year, when Donald Trump defeated Kamala Harris, thus ending the Biden(?)/Harris administration, the Dow stood at $42,221.88.
By January 20, 2025, the day Trump took office, it had already risen to $43,487.83.
Then Trump imposed all those tariffs. And the result?
Yesterday, the Dow finished at its all-time high of $48,977.18.
And, as I write this, it is up it is up another $427.11, to a current (certainly subject to change in either direction before the day is out) $49,404.29.
I wonder how many of those experts, and the media which featured their predictions as though they were Oracles of Delphi, would like to try and explain why this happened. Not many, I’m guessing.
Oh…did I mention that inflation, which also was supposed to skyrocket due to the Trump tariffs, went from 3.0% in January to the current 2.7%?
Just thought you might like to know.
