The current President of the United States surprised the world with his eccentric and sometimes illogical statements on several occasions, and this time he was no exception. Donald Trump he said that the downward trend that is happening to the stock market right now is only a technical problem and will soon be fixed.
"We had a small problem in the stock market last month. We need a little help from the Fed … but we're doing well. Commercial offers are starting," President He said.
This was tweeted by the editor of Reuters, who works directly at the White House.
.@realDonaldTrumpHe says that there was a "technical problem" in the stock markets last month, but they will rise again when the trade agreements are made and have a long way (on) to go pic.twitter.com/GKgYEy5oDq
– Jeff Mason (@ jeffmason1) 2 January 2019
Trump is confident that the situation in the stock market will change after the United States has concluded more trade agreements, especially with China. However, it seems highly unlikely, taking into consideration the wave of mutual sanctions between countries.
He also asked that the Federal Reserve take care of the problem.
In the meantime, most of the financial experts mention quite different reasons for the market recession, none of them including the notorious "technical problem".
The Twitter community reacted to Trump quite harshly. They started calling all his actions and his words a technical problem.
this administration is a "technical problem"
– Jeff Ford (@PerksCeo) 2 January 2019
Subscribe to The Coin Shark Facebook news: https://www.facebook.com/coinshark/