With ‘Never-Trump’-ers still convinced he is Hitler and ‘Trump’-ers questioning their reality at his recent flip-floppery, many in the country are asking why should we support this President (even as his approval ratings rise with each warmongering threat). Well there is a simple – and perhaps greedy – reason… the world’s debt and equity markets have gained over $8 trillion since his election and a loss of faith now may leave some big holes.
The value of world equity market capitalization and debt values reached a new record high today of $118 trillion.
This is a more than $8 trillion rise since Donald Trump was elected President and unleashed animal spirits around the world. For someone who has yet to actually put any reforms, stimulus, cuts, laws, into practice – not bad going!
The gains are all concentrated in the ever-hopeful global equity markets…
But the value of the world’s bonds has recovered all their losses – which perhaps is a worrisome sign.