From Vixen Strangely at Strangely Blogged:
The last handful of days have been a little bit of heart-in-mouth time for some traders on today’s market, as record sell-offs have been occurring, causing as of just today the largest drop in points in the Dow’s history–which is not really saying a lot, yet. This probably is reminiscent for some of the point drop in September 2008, but that had been building for some time, and had a lot of other poor indicators–I don’t know if this is the same thing at all. I don’t think it’s directly ascribable to Trump, although he likes to take credit for the economy, so…
Job creation has slowed here in the US–but that’s not surprising as we are nearly at full-employment, and wages are going up, which did not just start happening in the Trump era, thanks, but when labor starts to have an edge, capital worries. As a wage earner myself, I like stronger wage and employment figures, and prefer my investments and pension plan to be about the long-term index, and I don’t yet see a problem there…
Except the deregulation thing.