Monday, August 19, 2019
Move over, Illuminati. The conspiracy against Trump’s economy is massive.
https://www.washingtonpost.com/opinions/move-over-illuminati-the-conspiracy-against-trumps-economy-is-massive/2019/08/19/5e3bd05a-c2ba-11e9-9986-1fb3e4397be4_story.html
By Catherine Rampell
Columnist
August 19 at 6:48 PM
When Barack Obama was president and the economic statistics were good, then-candidate Donald Trump said they were fake. When Trump became president and inherited the exact same stats, they suddenly became real.
Now that they’re turning south, they’re apparently fake once more.
Trump, aided by his economic brain trust of cranks and sycophants, believes any indicator showing the U.S. economy could be in trouble must be fabricated. It’s all part of an anti-Trump conspiracy, he rants, according to reports in The Post, the Associated Press and the New York Times.
And move over, Illuminati, because this particular conspiracy is massive.
It’s led by the Federal Reserve, Democrats and the media, of course, or so say Trump and his Fox News minions. But it also includes the entire U.S. bond market, which flashed a warning sign last week when the Treasury yield curve inverted (meaning long-term bonds had lower interest rates than short-term ones, which usually predates a downturn).
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