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Trump’s trade wars have cost the stock market $5 trillion and counting: Deutsche Bank

By APOCALYPSEFUCKisShostikovitch follow APOCALYPSEFUCKisShostikovitch   2019 May 31, 11:19am 373 views   2 comments   watch   nsfw   quote   share    


https://www.cnbc.com/2019/05/31/trumps-trade-wars-have-cost-the-stock-market-5-trillion-and-counting-deutsche-bank.html

“The costs of the trade war in our view are about its indirect impacts,” said Deutsche Bank chief strategist Binky Chadha in a note to clients. “The trade war has been key in preventing a recovery in global growth and keeping US equities range bound. Foregone US equity returns from price appreciation (12.5% annual rate) for 17 months are worth $5 trillion.”

That number was set to get worse on Friday with the Dow Jones Industrial Average down more than 250 points.

BIG! FAT! EFFEMINATE! STOOPID! FUCKING! IMBECILIC! CUNT!
1   NuttBoxer   ignore (2)   2019 May 31, 11:35am     ↓ dislike (0)   quote   flag        

Not much of an economy if it loses trillions of dollars because of a few tweets. Think about what would happen if a real economic disaster struck...
2   mell   ignore (4)   2019 May 31, 11:49am     ↓ dislike (0)   quote   flag        

NuttBoxer says
Not much of an economy if it loses trillions of dollars because of a few tweets. Think about what would happen if a real economic disaster struck...


100% agreed. Also the losses in the market are fairly small so far.

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