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Friday, March 29, 2024

8 Trillion Reasons To ‘Support’ President Trump

Courtesy of ZeroHedge. View original post here.

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.

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