Is the Market Crash More Related to Inflation Fears, Fed Sabotage or Deep State Players Caught and Not Brought to Justice?
by Joe Hoft
TheGatewayPundit.com
February 6, 2018
Market Crashes as Memo Released Showing Crimes and Corruption in Obama’s FBI and DOJ – Maybe AG Sessions Should Do Something?!
The markets on January 26th reached another all-time high of 26,616. This was the 99th all-time high since President Trump was elected President. The markets increased by more than 45% in this time period. But then the FISA memo came on Friday and the markets are now down 2,270 and 12% since January’s high.
Some in the media are suggesting that Trump’s successful markets and economy are causing inflation concerns –
“US stocks took a further steep plunge on Monday, with the Dow Jones industrial average dropping 1,175 points, the largest one-day points fall on record and erasing all the gains made so far this year. The drop came after another bad day on global markets as investors reacted to global equity losses overnight and concern that central banks will increase interest rates in response to inflationary pressures from surging global economies.
All the economic indicators are solid. Jobs are at all-time highs. Unemployment is at historical lows. The GDP is rising and many companies are reporting historical earnings and massive lump sum gains due to the Trump tax cuts, and the tax cuts have not even taken effect!
Other experts are suggesting that the Fed is sabotaging the markets by threatening to increase interest rates hastily. Peter Schiff, CEO of Euro Pacific Capital, told TheStreet –
“Despite its independence, the Federal Reserve may quietly want a bear market that takes down a president that loves tweeting about the stock market.
Peter Schiff, CEO of Euro Pacific Capital, told TheStreet the “[Janet] Yellen put” in the markets could expire under President Trump. “I don’t know if the Fed has much love for Trump,” he said, adding that the Fed had the markets’ back during the Obama Administration.
“Maybe the Fed would be happy to see a bear market that could be blamed on Trump.” Schiff thinks the markets could easily correct 20%.”
The Rest…HERE
