Remember the Nov 8th 2016 Stock Futures Story When the MSM Predicts A Recession for Election Day

The best thing about Wishing Someone Dead is you are Guaranteed that Eventually Your wish will come True

DaTechGuy Proverb

Every now and again I re-watch the election 2016 coverage from all the various networks, including the Canadian and British Networks.  It is very instructive.

Once they reached the stage of the night when they realized that Trump was going to win unless the Democrat fraud machine (which thought it had the night off because of the expected blowout) could manufacture enough votes to win in the states they hadn’t called yet (why do you think so many remained uncalled for so long?) every single network started pushing the Dow Futures.

Go to any channel, any network and you had liberals telling everyone that the election of Donald Trump was likely going to be an economic catastrophe and that the drop of the futures was just the beginning. In the New York Times the paper of record for the left Paul Krugman started his piece thus:

It really does now look like President Donald J. Trump, and markets are plunging. When might we expect them to recover?

Frankly, I find it hard to care much, even though this is my specialty. The disaster for America and the world has so many aspects that the economic ramifications are way down my list of things to fear.

Still, I guess people want an answer: If the question is when markets will recover, a first-pass answer is never.

Stock Market Close Nov 8th 2016: 18,332.74 Stock Market close Aug 20th 2019: 25962.44 That’s a gain of over 41%. Or to put it another way , if the Stock market dropped 1500 points between now and Nov 6th 2019 that would mean that the Down Jones still managed a 10% gain every year since the Day Donald Trump was elected.

In fact he didn’t just stop at the Stock Market here is his close

So we are very probably looking at a global recession, with no end in sight. I suppose we could get lucky somehow. But on economics, as on everything else, a terrible thing has just happened.

Well in fairness to Mr. Krugman as the New York Post reports he wasn’t alone in this

Well it’s almost three years later, and another election is coming up and the same media that was heartbroken over President Trump’s win is out to beat him this time, so what is the mantra, RecessionRecession, Recession! In fact these guys aren’t just predicting it they’re wishing for it.

Now let’s face it wishing for a recession is like wishing for someone to die, or wishing for Tom Brady to no longer be the Patriots QB, sooner or later it will come.

But if you’re going to start worrying about a recession based on these same guys who were predicting economic doom in 2-16 I’m sorry I’m not going to jump on that bandwagon and if you feel tempted to do the same just rewatch this video of the smartest people in the world predicting the future three years ago.

So you’ll forgive me if I don’t jump on the pessimism bandwagon and suggest you refrain from doing the same, and if you need to be reminded why you shouldn’t watch this

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