The
S&P 500 fell 85.72 points, or 2.9%, to 2,840.60. The Dow sank 800.49
points, or 3%, to 25,479.42. The Nasdaq composite lost 242.42 points, or 3%, to
7,773.94. The Russell 2000 index of smaller company stocks slid 43.05 points,
or 2.8%, to 1,467.52.
The
losses come a day after stocks rallied when the Trump administration delayed
tariffs on about $160 billion in Chinese goods that were set to take effect on
Sept. 1.
President
Donald Trump took to Twitter to defend his trade policy Wednesday, saying
"we are winning big time, against China." Yahoo News 14 Aug 19
I
have always wrote in praise of Trump for his effort in bringing down the
American Empire. And he has consistently and relentlessly been pushing his
agenda his way that he thought would make America Great Again. He sincerely
believed that he is godsend to do this job. He is the best man in the USA to
make American great again. ‘We are
winning big time, against China’. Oops,
Dow fell 800 points or 3%. And the fear of recession is looming around the
corner. Not to worry, Trump the Conman is in charge. He will continue to con
the Americans all is fine, China is in deep trouble, America is doing very
well. But he quickly reversed course and said the new tariff hike would take effect on 15 Dec. Otherwise all the imports for Christmas present would be much more costly to the Americans this Christmas.
Now
look at the figures above posted in Yahoo News on 14 Aug and ask if you believe
in them or believe in Trump the Conman. There were many indicators
pointing to serious problems in the US economy, falling real income, employment numbers
and the need to lower interest rates. But no one wants to believe but love to
believe in Conman Trump. Now reality hits, bond market indicators showed
recession coming and Dow plunged, 800 points. You cannot hide, cannot run,
cannot lie.
In
the meantime Trump and his gangsters are behaving like terrorists terrorizing
countries all over the world with threats of war. The people in Iran and
Venezuela are waiting being massacred by the Americans. Warships and warplanes
are all over Iran. In the case of Venezuela, the Americans had stopped a ship
carrying food to feed the Venezuelans. The Venezuelans can die as long as Trump
and his terrorists try to do a regime change to force Maduro, their elected
President to step down. If not, die shall the Venezuelans. The same goes to
the Iranians. The North Koreans are luckier as China is just next door and food
supply and essentials will not stop flowing into the country to feed the North
Koreans despite all the sanctions and blockades by the Americans for the last few decades.
I
digress. The most and immediate threat to the world economy and world peace is
the Number One Terrorist of the World trying all ways to destroy the world.
Trump is the leader leading a bunch of unscrupulous leaders in the White House
doing just this, to destroy the world to make America great again, but not
before destroying America in the process.
Well
done Conman Trump. No more trade deal with China.
The
children of the world that survived this madness created by Trump and his
gangsters would remember how great America was, but then dead and gone.



