"Because of the problems and uncertainty caused by China's minor currency devaluation. Well, duh."
Yes, because the market is risk weighted and there is additional uncertainty. Just like the Dow dropped 800 points on election night and is now up 40% under Trump, these dips represent a buying opportunity for the smart and the weak/dumb hands like Krugman to hide their savings under their mattress.
"Yes, it is minor. The recent devaluation was minor, not the full 10% you say.
Again, it is 10% this year - and more importantly - the Chinese government signalling that this will be their way to try to increase exports. It is a major event.
"It was that recent minor devaluation that caused the big stock market drop. "
Again, it was the drop combined with Chinese signalling this is their policy moving forward. It is not minor.
"So why is he getting his ass kicked?"
By what measure? China is in a full blown meltdown and Trump only had to toss some money to the farmers. Again, China has already lost the trade war and will undergo a de-industrialization over the next 2 years that will make ours seem like a walk in the park as they don't have domestic consumption or an economy that can handle the mass amounts of displaced workers.
"Meanwhile our farmers are holding pizza parties to raise money to live."
LOL. Got on believing that fairytale.
"If it were easy to win, Pres Trump would have won it already"
As I noted above, he already did. The additional tariffs were just spiking the ball in the endzone.
"But you also cannot have a crazed person, who does not know what he wants, making policy decisions either
#27 | POSTED BY LAMPLIGHTER"
His policies are only crazy according the -------- that crafted the trade deals that got us into this mess in the first place. Fools like Krugman. I wonder if he is happy he sold all his stocks when Trump was elected....