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		<title>Liberal ‘Experts’ Screwed Stockholders with Bad Pre-Election Predictions</title>
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		<pubDate>Tue, 20 Jun 2017 14:58:55 +0000</pubDate>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[Media Bias]]></category>
		<category><![CDATA[Politics]]></category>
		<category><![CDATA[@realDonaldTrump]]></category>
		<category><![CDATA[Andrew Ross Sorkin]]></category>
		<category><![CDATA[Bridgewater Associates]]></category>
		<category><![CDATA[Christine Romans]]></category>
		<category><![CDATA[CNBC]]></category>
		<category><![CDATA[CNN Money]]></category>
		<category><![CDATA[Donald Trump]]></category>
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		<category><![CDATA[James Surowiecki]]></category>
		<category><![CDATA[Jeff Reeves]]></category>
		<category><![CDATA[Kurt Eichenwald]]></category>
		<category><![CDATA[Larry Summers]]></category>
		<category><![CDATA[Macroeconomic Advisers]]></category>
		<category><![CDATA[Mark Cuban]]></category>
		<category><![CDATA[Matt Egan]]></category>
		<category><![CDATA[Moody's Investors Service]]></category>
		<category><![CDATA[Nasdaq]]></category>
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					<description><![CDATA[They’re held to the highest esteem of the media and the Democrat left. Their words are must-reads in the classrooms and coffee shops. The problem is their hatred of Donald Trump didn’t cost them their reputations because as long as they continue to disparage the president, they’ll still be called back to give their opinions [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>They’re held to the highest esteem of the media and the Democrat left. Their words are must-reads in the classrooms and coffee shops. The problem is their hatred of Donald Trump didn’t cost them their reputations because as long as they continue to disparage the president, they’ll still be called back to give their opinions on cable news and retain their economic “expert” standing.</p>
<p>The problem is many Americans listened to them and lost their shirts.</p>
<h2><span style="color: #ff9900;">BEFORE the Election</span></h2>
<p style="padding-left: 40px;"><a class="cb-lightbox fs-lightbox-element" title="RT's Thom Hartmann anticipates a stock market crash if Trump is elected" href="https://www.blackandblondemedia.com/wp-content/uploads/2017/10/Thom-Hartmann.jpg" target="_blank" rel="noopener noreferrer"><img decoding="async" class="alignright wp-image-120450 size-medium" title="RT's Thom Hartmann anticipates a stock market crash if Trump is elected" src="https://www.blackandblondemedia.com/wp-content/uploads/2017/10/Thom-Hartmann-150x84.jpg" sizes="(max-width: 150px) 100vw, 150px" srcset="https://www.blackandblondemedia.com/wp-content/uploads/2017/10/Thom-Hartmann-150x84.jpg 150w, https://www.blackandblondemedia.com/wp-content/uploads/2017/10/Thom-Hartmann-500x281.jpg 500w, https://www.blackandblondemedia.com/wp-content/uploads/2017/10/Thom-Hartmann.jpg 700w" alt="" width="150" height="84" /></a><strong><span style="color: #808080;">CNN:</span> <a href="http://money.cnn.com/2016/10/24/investing/stocks-donald-trump-hillary-clinton/index.html" target="_blank" rel="noopener noreferrer">A Trump win would sink stocks. What about Clinton?</a></strong><br />
<strong><span style="color: #808080;">Politico:</span> <a href="http://www.politico.com/story/2016/10/donald-trump-wall-street-effect-markets-230164" target="_blank" rel="noopener noreferrer">Economists: A Trump win would tank the markets</a></strong><br />
<strong><span style="color: #808080;">Fortune:</span> <a href="http://fortune.com/2016/11/08/donald-trump-stocks-crash/" target="_blank" rel="noopener noreferrer">A Huge Hedge Fund Says Stocks Will Crash if Donald Trump Wins</a></strong><br />
<strong><span style="color: #808080;">MarketWatch:</span> <a href="http://www.marketwatch.com/story/the-stock-market-could-crash-if-donald-trump-is-elected-2016-10-31" target="_blank" rel="noopener noreferrer">The stock market could crash if Donald Trump is elected president</a></strong><br />
<strong><span style="color: #808080;">IBD:</span> <a href="http://www.investors.com/news/fbi-reveals-more-evidence-that-stocks-will-fall-if-trump-wins/" target="_blank" rel="noopener noreferrer">FBI Reveals More Evidence That Stocks Will Fall If Trump Wins</a></strong><br />
<strong><span style="color: #808080;">Reuters:</span> <a href="http://www.reuters.com/article/us-usa-election-markets-idUSKBN1340KP" target="_blank" rel="noopener noreferrer">Investors see no let up to market bloodbath if Trump wins presidency</a></strong><br />
<strong><span style="color: #808080;">Fox Business:</span> <a href="http://www.foxbusiness.com/features/2016/09/06/mark-cuban-if-donald-trump-wins-markets-will-tank.html" target="_blank" rel="noopener noreferrer">Mark Cuban: If Donald Trump Wins the Markets Will Tank</a></strong></p>
<p style="padding-left: 40px;"><a title="Kurt Eichenwald: &quot;Contributing editor, Vanity Fair; senior writer, Newsweek; MSNBC Contributor, New York Times bestselling author.&quot;" href="https://twitter.com/kurteichenwald/status/780478635786383360" target="_blank" rel="noopener noreferrer"><img fetchpriority="high" decoding="async" class="alignnone wp-image-116509 size-large" title="Kurt Eichenwald: &quot;Contributing editor, Vanity Fair; senior writer, Newsweek; MSNBC Contributor, New York Times bestselling author.&quot;" src="https://www.blackandblondemedia.com/wp-content/uploads/2017/06/Eichenwald-Tweet-500x206.png" sizes="(max-width: 500px) 100vw, 500px" srcset="https://www.blackandblondemedia.com/wp-content/uploads/2017/06/Eichenwald-Tweet-500x206.png 500w, https://www.blackandblondemedia.com/wp-content/uploads/2017/06/Eichenwald-Tweet-150x62.png 150w, https://www.blackandblondemedia.com/wp-content/uploads/2017/06/Eichenwald-Tweet.png 750w" alt="" width="500" height="206" /></a></p>
<p>Click on the above graphic and read Eichenwald’s Twitter thread. An entertaining yet sad admission.</p>
<p style="padding-left: 40px;"><strong><span style="color: #808080;">PBS Newshour:</span> <a href="http://www.pbs.org/newshour/making-sense/column-stock-market-doesnt-like-idea-trump-presidency/" target="_blank" rel="noopener noreferrer">The stock market doesn’t like the idea of a Trump presidency</a></strong><br />
<strong><span style="color: #808080;">Dent Research:</span> <a href="https://research.economyandmarkets.com/X195T199?gclid=CjwKEAjwj6PKBRCAy9-07PeTtGgSJAC1P9xGcm5WkubZJKxFcEW0VC0sBuV1iizLiiqPsFvCOrkMJxoC_zHw_wcB" target="_blank" rel="noopener noreferrer">The Greatest Stock Market Collapse since the Great Depression</a></strong></p>
<p>They tried to give it their stamp of finality.</p>
<p style="padding-left: 40px;"><a class="cb-lightbox fs-lightbox-element" title="Paul Krugman" href="https://www.blackandblondemedia.com/wp-content/uploads/2017/10/Paul-Krugman-with-Cat.jpg" target="_blank" rel="noopener noreferrer"><img decoding="async" class="alignright wp-image-120454 size-medium" title="Paul Krugman" src="https://www.blackandblondemedia.com/wp-content/uploads/2017/10/Paul-Krugman-with-Cat-150x150.jpg" sizes="(max-width: 150px) 100vw, 150px" srcset="https://www.blackandblondemedia.com/wp-content/uploads/2017/10/Paul-Krugman-with-Cat-150x150.jpg 150w, https://www.blackandblondemedia.com/wp-content/uploads/2017/10/Paul-Krugman-with-Cat-100x100.jpg 100w, https://www.blackandblondemedia.com/wp-content/uploads/2017/10/Paul-Krugman-with-Cat-125x125.jpg 125w, https://www.blackandblondemedia.com/wp-content/uploads/2017/10/Paul-Krugman-with-Cat.jpg 344w" alt="" width="150" height="150" /></a><span style="color: #808080;">It really does now look like President Donald J. Trump, and markets are plunging. When might we expect them to recover? Frankly, I find it hard to care much, even though this is my specialty. The disaster for America and the world has so many aspects that the economic ramifications are way down my list of things to fear.</span></p>
<p style="padding-left: 40px;"><span style="color: #808080;">Still, I guess people want an answer: <strong>If the question is when markets will recover, a first-pass answer is never.</strong></span><br />
<span style="color: #808080;">—</span> <a href="https://www.nytimes.com/interactive/projects/cp/opinion/election-night-2016/paul-krugman-the-economic-fallout" target="_blank" rel="noopener noreferrer">Paul Krugman, New York Times</a></p>
<p>If the public gets soaked, Paul Krugman really doesn’t care.</p>
<h2><span style="color: #ff9900;">AFTER the Election</span></h2>
<h2><img loading="lazy" decoding="async" class="alignright wp-image-116493 size-medium" title="President Donald Trump" src="https://www.blackandblondemedia.com/wp-content/uploads/2017/06/Trump-150x113.jpg" sizes="auto, (max-width: 150px) 100vw, 150px" srcset="https://www.blackandblondemedia.com/wp-content/uploads/2017/06/Trump-150x113.jpg 150w, https://www.blackandblondemedia.com/wp-content/uploads/2017/06/Trump-500x375.jpg 500w, https://www.blackandblondemedia.com/wp-content/uploads/2017/06/Trump-80x60.jpg 80w, https://www.blackandblondemedia.com/wp-content/uploads/2017/06/Trump.jpg 640w" alt="" width="150" height="113" /></h2>
<p style="padding-left: 40px;"><strong><span style="color: #808080;">Telegraph (UK):</span> <a href="http://www.telegraph.co.uk/business/2017/01/25/ftse-100-jumps-7200-markets-reignite-trump-infrastructure-rally/" target="_blank" rel="noopener noreferrer">Dow Jones breaks 20,000 for first time ever and global stocks hit 19-month high as markets reignite ‘Trump rally’</a></strong><br />
<strong><span style="color: #808080;">CNN Money:</span> <a href="http://money.cnn.com/2017/02/16/investing/stock-market-rally-trump-history/index.html?sr=twCNN021817stock-market-rally-trump-history0331AMVODtopPhoto&amp;linkId=34623684" target="_blank" rel="noopener noreferrer">Trump rally is best for new POTUS since LBJ and JFK</a></strong><br />
<strong><span style="color: #808080;">Fox Business:</span> <a href="http://insider.foxnews.com/2017/02/20/trump-has-had-biggest-dow-gain-presidents-1st-30-days-1909" target="_blank" rel="noopener noreferrer">Trump Has Had Biggest Dow Gain in a President’s 1st 30 Days Since 1909</a></strong><br />
<strong><span style="color: #808080;">CNBC:</span> <a href="http://www.cnbc.com/2017/04/24/trumps-stock-market-gain-in-the-first-100-days-tops-reagan-and-most-other-republican-presidents.html" target="_blank" rel="noopener noreferrer">Trump’s stock market gain in the first 100 days tops Reagan’s and most other Republican presidents’</a></strong><br />
<strong><span style="color: #808080;">Fox News:</span> <a href="http://insider.foxnews.com/2017/01/25/stock-market-gains-2-trillion-trump-elected-steve-moore" target="_blank" rel="noopener noreferrer">Economist: Stock Market Gained $2T in Wealth Since Trump Elected</a></strong><br />
<strong><span style="color: #808080;">Independent (UK):</span> <a href="http://www.independent.co.uk/news/business/news/wall-street-investors-3-trillion-donald-trump-us-presidential-election-victory-stocks-paper-gains-on-a7613596.html" target="_blank" rel="noopener noreferrer">Wall Street investors make $3 trillion since Donald Trump’s US presidential election victory</a></strong><br />
<strong><span style="color: #808080;">WND:</span> <a href="http://www.wnd.com/2017/03/trump-aftershocks-economy-rocks/" target="_blank" rel="noopener noreferrer">Trump aftershocks: Debt falls $68 billion since inauguration</a></strong></p>
<p>And of course, after their predictions proved to be way off, there was no contrition and certainly no apologies to the millions of stock holders who may have lost millions of dollars heeding partisan-tainted market advice.</p>
<p>But as they&#8217;re too important to admit they were wrong, the liberal “economists” double-downed, still hoping to talk down the market for their desired political result.</p>
<p style="padding-left: 40px;"><strong><img loading="lazy" decoding="async" class="alignright wp-image-116493 size-medium" title="President Donald Trump" src="https://www.blackandblondemedia.com/wp-content/uploads/2017/06/Trump-150x113.jpg" sizes="auto, (max-width: 150px) 100vw, 150px" srcset="https://www.blackandblondemedia.com/wp-content/uploads/2017/06/Trump-150x113.jpg 150w, https://www.blackandblondemedia.com/wp-content/uploads/2017/06/Trump-500x375.jpg 500w, https://www.blackandblondemedia.com/wp-content/uploads/2017/06/Trump-80x60.jpg 80w, https://www.blackandblondemedia.com/wp-content/uploads/2017/06/Trump.jpg 640w" alt="" width="150" height="113" /><span style="color: #808080;">HuffPo:</span> <a href="http://www.huffingtonpost.ca/2017/01/19/robert-shiller-donald-trump-stock-market-crash_n_14268676.html" target="_blank" rel="noopener noreferrer">Trump Setting Up Repeat Of ’29 Market Crash: Nobel-Winning Economist</a></strong><br />
<strong><span style="color: #808080;">CNN Money:</span> <a href="http://money.cnn.com/2017/03/27/investing/stocks-dow-losing-streak-trump-obamacare/index.html" target="_blank" rel="noopener noreferrer">The Trump stock market rally is under siege</a></strong><br />
<strong><span style="color: #808080;">CNBC:</span> <a href="http://www.cnbc.com/2017/03/02/the-surprise-reason-the-trump-stock-market-rally-cant-continue.html" target="_blank" rel="noopener noreferrer">The market rally started without Trump, and could continue without him</a></strong><br />
<strong><span style="color: #808080;">The Hill:</span> <a href="http://thehill.com/blogs/pundits-blog/finance/325978-yes-the-stock-market-rally-is-over-but-dont-blame-trump" target="_blank" rel="noopener noreferrer">Yes, the stock market rally is over. But don’t blame it on Trump.</a></strong><br />
<strong><span style="color: #808080;">MarketWatch:</span> <a href="http://www.marketwatch.com/story/trumps-tax-reform-may-rekindle-the-dying-embers-of-the-stock-market-rally-2017-04-22" target="_blank" rel="noopener noreferrer">Trump’s tax reform may rekindle the dying embers of the stock-market rally</a></strong><br />
<strong><span style="color: #808080;">Fortune:</span> <a href="http://fortune.com/2017/03/21/donald-trump-stock-market-rally-bank/" target="_blank" rel="noopener noreferrer">Here’s What Just Wiped More Than $80 Billion Off Wall Street’s Trump Bump</a></strong><br />
<strong><span style="color: #808080;">New Yorker:</span> <a href="http://www.newyorker.com/magazine/2017/03/06/trumps-mysterious-stock-boom" target="_blank" rel="noopener noreferrer">Trump’s Mysterious Stock Boom</a></strong><br />
<strong><span style="color: #808080;">US News:</span> <a href="https://www.usnews.com/opinion/articles/2017-02-22/donald-trumps-stock-market-rally-is-meaningless" target="_blank" rel="noopener noreferrer">Donald Trump’s Stock Market Rally Is Meaningless</a></strong><br />
<strong><span style="color: #808080;">NY Times:</span> <a href="https://www.nytimes.com/2017/03/05/business/dealbook/trump-stocks.html?mcubz=2" target="_blank" rel="noopener noreferrer">Stocks Are Up 5 Percent Under Trump. So How Long Will the Rally Last?</a></strong><br />
<strong><span style="color: #808080;">Quartz Media:</span> <a href="https://qz.com/898182/the-trump-stock-rally-is-a-sugar-high-that-wont-last-warns-harvards-larry-summers/" target="_blank" rel="noopener noreferrer">Larry Summers: The “sugar high” of the Trump stock rally won’t last</a></strong></p>
<p>Unless there’s insider collusion, an economist is as good as a fortune teller. Their only true value to the media is putting meat on their Trump bashing. The problem is Democrats are good at losing other people’s money whether it’s the donor class throwing their money into special elections they continue to lose <em>(despite media assurances)</em> and the misguided who lost big chunks out of their portfolios because they took the word of self-anointed gurus.</p>
<p style="padding-left: 40px;"><strong><span style="color: #808080;">CNN:</span> <a href="http://money.cnn.com/2017/10/20/investing/trump-stock-market-americans/index.html" target="_blank" rel="noopener noreferrer">Millions of Americans are left out of the stock market boom</a></strong></p>
<p>A “boom” liberal economists and pundits warned would never happen. How many were in and abandoned ship because of the crash-is-imminent scenario pushed by Eichenwald, Krugman and others?</p>
<p style="padding-left: 40px;"><a class="cb-lightbox fs-lightbox-element" title="Steven Rattner" href="https://www.blackandblondemedia.com/wp-content/uploads/2017/06/Rattner.jpg" target="_blank" rel="noopener noreferrer"><img loading="lazy" decoding="async" class="alignright wp-image-121017 size-medium" title="Steven Rattner" src="https://www.blackandblondemedia.com/wp-content/uploads/2017/06/Rattner-150x84.jpg" sizes="auto, (max-width: 150px) 100vw, 150px" srcset="https://www.blackandblondemedia.com/wp-content/uploads/2017/06/Rattner-150x84.jpg 150w, https://www.blackandblondemedia.com/wp-content/uploads/2017/06/Rattner-768x432.jpg 768w, https://www.blackandblondemedia.com/wp-content/uploads/2017/06/Rattner-500x281.jpg 500w, https://www.blackandblondemedia.com/wp-content/uploads/2017/06/Rattner.jpg 1280w" alt="" width="150" height="84" /></a><span style="color: #808080;">Finance expert Steve Rattner foresaw “a market crash of historic proportions” under a President Trump. Moody’s warned of a “weaker” economy. Many said 2 percent GDP growth was the best that could be hoped for.</span></p>
<p style="padding-left: 40px;"><span style="color: #808080;">Other doomsayers included Mark Cuban, CNBC’s Andrew Ross Sorkin and firms such as Bridgewater Associates and Macroeconomic Advisers. <em>(A less-dishonorable mention goes to Nobel-winning economist Paul Krugman, who at least walked back his doomsaying about “a global recession, with no end in sight,” soon after election night.)</em></span></p>
<p style="padding-left: 40px;"><span style="color: #808080;">In fact, the Dow has climbed more than 25 percent since Hillary Clinton conceded. And the first two full quarters of Trump’s term both saw growth of 3 percent or more. Oops.</span><br />
<span style="color: #808080;">—</span> <a href="http://nypost.com/2017/11/11/turns-out-trump-didnt-ruin-americas-economy/" target="_blank" rel="noopener noreferrer">New York Post, 11/11/17</a></p>
<p><img loading="lazy" decoding="async" class="alignnone wp-image-116512 size-large" src="https://www.blackandblondemedia.com/wp-content/uploads/2017/06/TrumpStockmarket-500x281.jpg" sizes="auto, (max-width: 500px) 100vw, 500px" srcset="https://www.blackandblondemedia.com/wp-content/uploads/2017/06/TrumpStockmarket-500x281.jpg 500w, https://www.blackandblondemedia.com/wp-content/uploads/2017/06/TrumpStockmarket-150x84.jpg 150w, https://www.blackandblondemedia.com/wp-content/uploads/2017/06/TrumpStockmarket.jpg 640w" alt="" width="500" height="281" /></p>
<p>Makes you wonder how many of these liberal “economists” said one thing publicly and did something else privately.</p>
<p>Like they really care.</p>
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