Wall St. Worries: Stock Market Plummets Due To “Trump Effect” (VIDEO)

The nominee of the Republican Party has only one skill that supposedly makes him qualified to be President of the United States.

He claims that he’s good at business.

Many of his followers say that they’re voting for him because of his financial skills.

Trump himself has said:

“The beauty of me is that I’m very rich.”

Unfortunately, economists and money managers around the world are convinced that a Trump Presidency would bring ruin to the American economy, and perhaps to economies around the world.

The Huffington Post reports that the prospect of a win by the bombastic Republican has caused a historic drop in the American Stock Market.

As Trump’s numbers have risen in recent polls, investors have become increasingly jittery. The Standard and Poor’s 500, the leading indicator of the health of capital markets, has dropped for nine days in a row. That hasn’t happened since way back in 1980.

Said one leading economic researcher:

“The U.S. elections are the elephant in the room for markets.”

The stock market has been seeing a huge sell off for the past few weeks. This is another indicator that the markets are afraid of a Trump Presidency.

The prediction from the world’s top economic thinkers should frighten us all. Moody’s warns that Trump’s economic plans would cause the longest recession since the 1930’s. Citigroup is even more dire, saying a Trump Presidency would cause a global depression.

So what is it about Donald Trump, who constantly praises himself for his business success, that so upsets the financial world?

It’s his policies.

Building a wall between the U.S. and its third largest trading partner would hurt the economy. Getting into trade wars with financial partners like China and Mexico could only damage us. Deporting 11 million immigrants would be an enormously constly endeavor. Taken all together, economists predict that the United States would lose approximately 4 million jobs.

This is serious stuff. The stock market is a very good measure of the health of the economy. It indicates how easy or hard it will be for businesses to raise money for expansion or improvement.

When the stock market and those who operate it tell us that they are afraid of the financial impact of a Trump win, we had all better pay attention.

For those who plan to vote for the Republican candidate because he will “create jobs” and “improve the economy,” take this as a warning.

No, he won’t.

In fact, he may bring the whole economic system to a grinding halt and this time he won’t be able to just declare bankruptcy and walk away.

You can see a fuller explanation below.

Featured image via YouTube screengrab.

Karen is a retired elementary school teacher with many years of progressive activism behind her. She is the proud mother of three young adults who were all arrested with Occupy Wall Street. To see what she writes about in her spare time, check out her blog at "Empty Nest, Full Life"