Greatest False Predictions of 2017

Bill WaltonEconomics

My friend Steve Moore with Jon Decker wrote a piece in the Washington Times detailing the greatest false predictions of 2017, and they are big.

Their piece begins, “Since the day Donald Trump was elected president in November 2016, the Dow Jones industrial average has risen by some 35 percent, making the last 14 months one of the greatest bull market runs in history. Some $6 trillion of wealth has been created for Americans — which is very good news for the 55 million Americans with 401k plans, the 25 million or so who have IRAs, and another 20 million with company pension plans and employee stock ownership plans.

“The left was certain that exactly the opposite would happen with a Trump presidency. To borrow a recent phrase from House Minority Leader Nancy Pelosi, President Trump’s policies would cause “Armageddon” for family finances, the American economy, and the stock market.”

Read the whole article here: