TL;DR
Trump’s economic approval rating hits rock bottom as the market tanks—yet many remain clueless. History repeats itself, with denial paving the way for another financial crisis.
Story
Trump’s economic approval rating plummets—a chilling sign of America’s financial delusion. Like the subprime mortgage crisis and dot-com bubble, history rhymes with reckless optimism. The CNBC survey reveals a painful truth: 38% still think it’s a good time to invest, even as markets tank.
How the rot spreads: Trump’s economic policies, built on tax cuts and deregulation, created an illusion of prosperity. This fueled a speculative bubble in the stock market. Now, that bubble is bursting. ‣ Deregulation: Weakening rules meant to protect the economy—think fewer safeguards on banks. ‣ Speculative bubble: Prices rising not due to real value, but because people bet they’ll go higher—like a game of musical chairs where everyone loses when the music stops.
The human cost is already unfolding. Families betting on continued growth see savings vanish as the market tumbles. Retirement dreams evaporate, replaced by panic. This echoes 2008—blind faith in a flawed system leads to widespread ruin.
Even with stark warnings, many cling to the sinking ship. Remember Enron? The energy giant’s collapse sent shockwaves—another lesson in unchecked greed. Trump’s economic downturn, while different, carries the same stench of denial. The 38% still clinging to market optimism are likely those most at risk, blinded by propaganda.
Red flags ignored: The December surge of optimism followed by April’s crash should be a blaring siren. Like a gambler chasing losses, doubling down on a losing bet is a recipe for disaster. Ignoring the parallels to past crises is willful blindness.
The takeaway: Americans are terrible at understanding risk. Until financial literacy becomes widespread, the cycle of boom and bust, fueled by hype and ignorance, will continue. The optimistic 38% are a chilling reminder that education, not blind faith, is key to survival.
Advice
Study financial history. Learn about bubbles, scams, and market cycles. Blind optimism is the fastest route to financial ruin.
Source
https://www.reddit.com/r/stocks/comments/1k4ahgt/trumps_approval_rating_on_the_economy_drops_to/