my lucky penny tells me we'll get a quick spike to 1249 as the final bears capitulate when we have an up Sep rather than a down one, Oct 9, then we get
crushed in a trade war / dollar crash / inflation / lack of growth death spiral....
He raised taxes at a time when the average family was near or
in starvation mode, he confiscated all of the nation's privately - owned gold and then promptly devalued the dollar by 40 % (reducing the buying power of any saved dollars by almost half overnight), he raised bank reserve requirements numerous times (taking yet more cash out of the real economy so it could be hoarded
in vaults), he actively supported a
trade war with tariffs that created massive global imbalances (some would argue ushering
in the rise to power of fascist regimes that would have had no chance
in times of prosperity), and perhaps most damning, rather than plowing most of those raised tax dollars back into the stalled economy, he instead bought gold on the global markets for the government and sequestered it, keeping it from backing new dollars (monetary expansion, which most understand is required to turn a recession around) and instead further
crushing the economy — and not just the US economy.