Tuesday, May 26, 2026

Trump's Index Is Not Smart

We often hear Trump yap about "the stock market" being up, so all is good.

"Good" for whom?

... In 1960, a person could buy 96 shares of the S&P 500 with a median household income. In 1990, he could buy 89 shares. In 2010, only 43 shares. How many shares could one buy today with the median household income? Only 16....

Trump is playing to what remains of his supporters:  the superannuated Hannity-watchers.

By definition, they're not a long-lasting bunch.  So does he expect a lengthy legacy in the House and Senate (R) numbers, or what?

1 comment:

Anonymous said...

“MIGA”—Make Israel Great Again

Trump is MIGA
Not smart