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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (152469)	1/14/2020 10:15:10 AM
From: ggersh	1 Recommendation Recommended By marcher Read Replies (1) \| Respond to of 218916

wallstreetonparade.com On June 15 of last year, the President Tweeted this: So what exactly is it that has made Donald Trump so confident that he can keep the stock market in a perpetual upward trajectory until his reelection? Could it possibly be the hundreds of billions of dollars each week that the New York Fed is quietly pumping into the trading houses on Wall Street since September 17? Since that time, as the Fed reassured the markets that this money spigot will continue, indeed the stock market has set one new high after another. On March 30, 2014, the CBS program, “60 Minutes” broadcast an interview with Michael Lewis, the former Wall Street veteran and bestselling author who has chronicled the seedy history of Wall Street for decades. The interview covered revelations in Lewis’ book, “Flash Boys.” The interviewer, Steve Kroft, asks Lewis: “What’s the headline here?” Lewis responds: “Stock market’s rigged. The United States stock market, the most iconic market in global capitalism is rigged.” Kroft then asks Lewis to explain just who it is that’s rigging the market. Lewis responds that it’s a “combination of these stock exchanges, the big Wall Street banks and high-frequency traders.” In a few months it will be six years since that broadcast (see video clip below) and yet neither the Obama administration nor the Trump administration has done anything to materially level the playing field on Wall Street. The corrupt structure is just as present today as it was in 2014. Both Obama and Trump appointed well-connected Wall Street lawyers to run the Securities and Exchange Commission. And both Obama and Trump have allowed the wild derivative gambles that deepened the financial crisis in 2008 to continue to expand. If Americans want a different outcome in November, they need to really do their homework on the presidential candidates this time around.