by Pa Rock
Citizen Journalist
Donald Trump likes to trumpet the rising stock market and take personal credit for every piece of good economic news. Bad economic news, on the other hand, is always the fault of someone else. The stock market has had some winners - most of which were winning well before the time that the Trump crime family entered the White House - but it has also harbored a few losers.
One company whose stock price has been in a recent decline is Harley Davidson (HOG) which has suffered a two-fold problem. First, Harley's American customer base is shrinking as many of its loyalest customers are becoming too old to swing their leg over a motorcycle. The worldwide market for Harley's, however, is still growing. The second problem is that that some of our trading partners have retaliated against Trump and his trade war by placing their own tariff's on certain items which they hope will cripple Trump electorally - and Wisconsin motorcycle maker Harley Davidson is on that list. Harley has recently said that they may move some manufacturing and jobs to Europe in order to avoid the retaliatory tariffs.
Harley stock has dropped about fifteen dollars a share over the past year. Trump sees the company's decision to move some jobs overseas as a repudiation of him and his ill-conceived trade policies. And Trump is pissed. Womp, womp!
General Electric (GE) is another American company that is currently losing. Back in the day GE was the very definition of American innovation and business success. It's weekly television program, General Electric Theatre, made its host, Ronald Reagan, a household name. Now the company is in hard times and has been suffering due to market changes and a company-wide restructuring. In the past year the price of General Electric stock has been cut in half - from roughly $27 dollars a share to a price fluctuating in the $12 to $14 range, and it has lost its coveted position as part of the Dow Jones index. The Gipper would not be pleased, and neither is the Groper.
There are winners, at least temporarily - but never forget that there are also losers. The American economy is, in large measure, controlled by a man who operates by whim and tantrum - and who takes economic advice from Larry Kudlow.
It may be time to start banking with a tin can and a shovel!
Citizen Journalist
Donald Trump likes to trumpet the rising stock market and take personal credit for every piece of good economic news. Bad economic news, on the other hand, is always the fault of someone else. The stock market has had some winners - most of which were winning well before the time that the Trump crime family entered the White House - but it has also harbored a few losers.
One company whose stock price has been in a recent decline is Harley Davidson (HOG) which has suffered a two-fold problem. First, Harley's American customer base is shrinking as many of its loyalest customers are becoming too old to swing their leg over a motorcycle. The worldwide market for Harley's, however, is still growing. The second problem is that that some of our trading partners have retaliated against Trump and his trade war by placing their own tariff's on certain items which they hope will cripple Trump electorally - and Wisconsin motorcycle maker Harley Davidson is on that list. Harley has recently said that they may move some manufacturing and jobs to Europe in order to avoid the retaliatory tariffs.
Harley stock has dropped about fifteen dollars a share over the past year. Trump sees the company's decision to move some jobs overseas as a repudiation of him and his ill-conceived trade policies. And Trump is pissed. Womp, womp!
General Electric (GE) is another American company that is currently losing. Back in the day GE was the very definition of American innovation and business success. It's weekly television program, General Electric Theatre, made its host, Ronald Reagan, a household name. Now the company is in hard times and has been suffering due to market changes and a company-wide restructuring. In the past year the price of General Electric stock has been cut in half - from roughly $27 dollars a share to a price fluctuating in the $12 to $14 range, and it has lost its coveted position as part of the Dow Jones index. The Gipper would not be pleased, and neither is the Groper.
There are winners, at least temporarily - but never forget that there are also losers. The American economy is, in large measure, controlled by a man who operates by whim and tantrum - and who takes economic advice from Larry Kudlow.
It may be time to start banking with a tin can and a shovel!
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