Investor angst deepens as President pushes economic reassignment therapy

(Originally published March 11 in “What in the World“) From the White House, Saturday, March 8 (really, no kidding): “The winning never stops as President Donald J. Trump and his administration continue to make progress reversing the damage of the past four years and shepherding the country into its new Golden Age.”

On Monday, the winning erased $4 trillion from the combined market capitalization of stocks on the benchmark S&P500, which fell 2.7% to its lowest since last September. The Nasdaq dropped 4%, its biggest decline since September 2022, after Trump on Sunday declined in an interview to say his policies wouldn’t cause a recession, calling it “a period of transition.”

Trump isn’t bothered by what investors are saying. The market’s declines, he told a reporter last week, “is globalists that see how rich our country is going to be and they don’t like it. You know, it is a big market out there. But again, they’ve been ripping off this country for years, and now—and they are going to do great. Everyone is going to do great, but we can’t let this continue to happen to America, otherwise we are not going to have a country any longer.”

Enjoy the transition to the golden age of America.