All is Well

The Dow dropped almost 800 points and we don’t know why, but it might have something to do with Prznint Tariffman tweeting trade war threats with China:

As Driftglass said to me last night, Tariffman’s super power is his ability to turn $10 into $4.99.

Goldman Sachs said that economic growth will “slow significantly” in 2019, and economists agree that a downturn is coming, probably in 2020, in time for the Goat Rodeo.

We now turn to Tariffman’s experts for a rebuttal to all this pessimism:

  • White House Council of Economic Advisers Chairman Kevin Hassett insisted that there’s no reason to believe economic growth won’t keep going, and that “the U.S. outlook is still very positive.”

Still, you say? that’s re-assuring.

  • Octogenarian Commerce Department secretary Wilbur Ross, who’s famous for falling asleep during Comrade Stupid’s speeches, scolded the financial press for talkin’ ’bout recessions, saying that the press is “obsessed . . . with what may lie in the future.”

No shit, Wilbur. Go back to sleep.

  • Comically-wrong National Economic Council Director Larry Kudlow says that he can’t believe “the mini wave of recessionary pessimism that has swept the media,” adding that he doesn’t see a recession coming “for the next couple of years at least.”

Famously, in December 2007, Kudlow said “there’s no recession coming”.  Boom!, the very next day! Nostradamus he’s not.

So, we got all that working for us.

Obvious Update 1: Today is our National Day of Mourning for Poppy Bush, so the US financial markets are closed.

This entry was posted in 2020 Goat Rodeo, snark, The Miracle of the Trump Economy, Trade Wars. Bookmark the permalink.

12 Responses to All is Well

  1. Big Bad Bald Bastard says:

    The right wing media will blame any downturn on Democrats taking the House, and the MSM won’t question this narrative.

    Liked by 2 people

  2. That ‘mini-wave of recessionary pessimism” didn’t sweep the ‘media’ Kudlow, it swept the markets. JP Morgan came out with a notice to investors yesterday saying, basically, “Trump lied, there is no deal, do not act as if there is one.”

    And I will disagree with Driftglass this once: His superpower isn’t to turn $10 into $4.99…it is to zoom past $4.99 to the final red tag of 50¢.

    Twitler could turn Apple into a penny stock faster than you could blink, I swear.

    Liked by 4 people

  3. roket says:

    “When people or countries come in to raid the great wealth of our Nation, I want them to pay for the privilege of doing so.”

    “Except for me and mine,” he did not add.

    Liked by 4 people

  4. Dennis Cole says:

    And there’s no mail delivery today. It’s like the perfect Rethuglicon response: deny vital services to the people who need them most, as a means of showing respect during a time of mourning.


    • Osirisopto says:

      I’m not mourning the death of a man who tried to win a presidential election by extending unemployment benefits.

      I took the extra six months benefits and voted for the best republican president of that half of the 20th century.


  5. Kiwiwriter says:

    A few months ago, my wife was advised: “Sell your stocks. The market is going to fall on its ass.”

    So she did. And we’re quite relieved.


  6. Bruce388 says:

    “Famously, in December 2007, Kudlow said “there’s no recession coming”. Boom!, the very next day!” See, Kudlow didn’t see a recession coming THAT DAY.


  7. Karla says:

    Preznint Stupid still has no idea who pays the tariffs.


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