Donald Trump’s tweets about rising stock prices plotted against the market decline + MORE Feb 10th

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Donald Trump is the stock market’s desperate ex-boyfriend(Photo illustration by Liz Sullivan)
“The Stock Market has been creating tremendous benefits for our country in the form of not only Record Setting Stock Prices, but present and future Jobs, Jobs, Jobs,” gleefully tweeted the President of the United States on Jan. 7. “Seven TRILLION dollars of value created since our big election win!” Donald Trump uses capital letters as though they are really expensive and he wants everyone to notice how many of them he can he can afford—and he loves to talk about the stock market.
Trump loves to talk about how well the stock market is doing, and he loves to talk about how badly it would be doing if not for him. “Your stocks would be down 50% from values on Election Day” if “Crooked Hillary” Clinton had been elected, he tweeted on New Year’s Eve. Wow, 50 per cent. That is a large number for a man to pull out of his… well, I’ll just finish this sentence by saying that it always feels as if anytime Trump talks about finances without using the word “GAZILLION,” he has demonstrated self-restraint…

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The Bernanke Correction

– online.wsj.com

The Bernanke CorrectionAsset prices are adjusting as financial repression ends.

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The Canadian stock market has been a dog for a very long time now

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Donald Trump’s tweets about rising stock prices plotted against the market declineAt one point on Friday Feb. 9, the Dow Jones Industrial Average fell to its lowest level since late November, before rebounding. Since January 26, the Dow has dropped close to 10 per cent, the first significant decline in stock prices since Donald Trump moved into the White House.
Before the downturn, Trump loved to regularly take credit for rising stock prices—since the election he’s tweeted and retweeted more than 50 times about the soaring market. But that’s the danger with bragging about the ups. Eventually, you’ll have to own the downs. Which is why most political leaders wisely steer clear of stock market commentary.
READ: Trump’s economy looks just like Obama’s, except for one important thing
Here then are all of Trump’s tweets boasting about the rising stock market, plotted against the Dow as it declined through each corresponding level, from Jan. 26 to the index’s intraday low on Friday.

 
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Brian Mulroney: Anyone expressing fear and anger over NAFTA is ‘uninformed’
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The post Donald Trump’s tweets about rising stock prices plotted against the market decline appeared first on Macleans…

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CALGARY _ Construction company Aecon Group Inc. pushed back Friday against criticism of the sale of the company to a subsidiary of state-owned China Communications Construction Co.
Aecon CEO John Beck said in a release that the company is fully supportive of the federal review of the proposed sale through the Investment Canada Act, but is concerned about the false and misleading claims being made about the deal.
“In order for this process to work properly, it is important that elected officials and the public have accurate information,” said Beck in a statement.
The proposed $1.5-billion sale, which shareholders overwhelmingly approved in December, has prompted concerns over security and unfair competition.
Earlier this week, Conservative MP Tony Clement called for a full national security review of the sale in question period.
“The Chinese company poised to take over Canadian construction giant Aecon is rampant with corruption and has just been blacklisted by Bangladesh for that very reason…

Continue Reading On canadianbusiness.com »

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