Crash

I first heard this yesterday afternoon while cleaning guns in my basement workshop.  Donald Trump was prattling-on about his hopes for an economic crash.

When there's a crash, I hope it's going to be during this next twelve months, because I don't want to be Herbert Hoover.

Let's unpack that statement.  If Trump believes and wants the markets to crash,  then by extension, the general economic condition must be good.  Sure, running on the fumes of his administration; nevertheless, a good economy along with concurrent rising markets.  If the economy was in shambles and the markets down then it would be impossible to crash.

Similarly, if the economy was only in mediocre condition it couldn't crash.  It could slip into recession and the market would correct; but there would be insufficient room for a true crash.  An economy can only crash if it is performing at a sufficiently high enough level to fall.  And Trump is predicting, even hoping for, a crash.

Is Donald Trump inadvertently suggesting that Bidenomics ain't so bad?  That Biden set the price of regular unleaded at $2.34?  

Of course, I'm being facetious.  Sure, the market can crash.  As a consequence of a Black Swan event.  The immediate impact that any president has over an economy as large as ours is overstated.  However, Trump has shown a predisposition to confuse the stock market with the economy.  Nevertheless, I wonder if Trump's base might be feeling a twinge of cognitive dissonance over the prospects of their retirement being impacted.

Watch the opening thirty seconds of the clip below.  Watch all of it if you are inclined.  I rarely watch MSNBC and never watch Morning Joe.  I just want you to know I don't make stuff-up.

Crazy talk from the former POTUS.  Absolutely nuts.....