This analysis was excerpted from the June 10 edition of CNN's Meanwhile in America, the daily email about US politics for global readers. Click here to read past editions and subscribe.
Pandemic economics is proving the wisdom of the savvy investor who once called the New York Stock Exchange"the biggest casino in the world." Nearly 40 million Americans have lost jobs, but Wall Street is on a tear. On Tuesday, the S&P 500 index was about back to where it was before the coronavirus crash. The Nasdaq hit a record high. Airline and cruise ship stocks are soaring, though no one knows when world travel will be safe. And the savvy investor — one Donald J. Trump — is at it again."Big day for Stock Market. Smart money, and the World, know that we are heading in the right direction. Jobs coming back FAST.
StCollinson
StCollinson The greatest economy that this president has given to the American people is on its way back after this horrible pandemic that effected the world!! Plus president Trump is bringing back all the American businesses that other failed administrations let go to China!!
StCollinson Definitely IRRATIONAL EXUBERANCE by Wall Street and one clueless to-the-bunker realDonaldTrump. 42 million jobless and a raging surging coronavirus, yet US stock market booms?
StCollinson Well, markets are forward-looking and may be anticipating the defeat of realDonaldTrump in November. He has brought about conditions that markets hate, namely, uncertainty, instability, plus he’s personally incompetent.
StCollinson Or maybe it's because the Fed has pumped a few trillion into the markets. The 1% get their trillions while working people get $1200 and the bill for the trillions given away.
StCollinson FAKE NEWS realDonaldTrump
StCollinson Nearly 40 million Americans have lost jobs, but Wall Street is on a tear Just crazy The market is ignoring social misery busy making money on ponzi Wall St
StCollinson Thanks trump! 🇺🇸
StCollinson Don’t be mad. CNN, just cause all of your news is hypothetical. Not one of your reports is 100% truthful. Ever. And I don’t think you really know how much America really knows it. Democrats. Republicans. And embecile rioters too.