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Waelti: Trump’s economic assumptions are false
John Waelti
The recent 800 point drop in the Dow, largest 2019 decline in both point and percentage terms, was enough to get Wall Street’s attention. For the American public, it was enough to even briefly eclipse massacres of innocent people with weapons of war, and multiple foreign policy issues. It was even enough to make the obscure “yield curve” part of the popular vocabulary.