Maybe you haven’t been paying much attention to the financial markets but ever since China devalued their Yuan a few times last week, there has been recoil in the global markets.
From The Political Insider:
It’s now affecting the United States markets as well and the DOW is none too happy about it.
Donald Trump has been talking about China on the campaign trail since day one and he’s more than happy to discuss what is going on today. And toot his own horn of course.
From The Political Insider:
President Barack Obama’s failed economic policies are now affecting the stock market in a serious way! Your 401ks, IRAs, and pensions are no longer safe, as the market is taking a serious nose dive as investors are fearful about China:Stocks took a stomach-turning dive on Monday, sending the Dow Jones industrial average down more than 1,000 points in a matter of seconds.[…]The sudden plunge was reminiscent of the fear that gripped the markets during the financial crisis of 2008, and it followed big declines in Asia and Europe.Investors around the world are worried about China, the world’s second-largest economic power and a huge market for American products. China devalued its currency two weeks ago and has shown other signs of economic weakness.Two hours into trading, the Dow was down 454 points, or 2.8 percent, at 16,005. At its worst point, just after the opening bell, the Dow was down an eye-popping 1,089 points, or 6.6 percent.“Fear has taken over,” Adam Sarhan, CEO of the investment company Sarhan Capital, told CNBC. “The market topped out last week.”
Donald Trump took to social media to talk about it. From Twitter:
And a video from Instagram:
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