Bob Lighthizer, the chief negotiator for the U.S. told the press the trade talks with China won’t produce the results Trump or Americans expect. When all the negotiating comes to an end, it may take six years to see the results. And those results will fall short when it comes to helping the U.S. maintain healthy economic growth.
Economic growth in the U.S. is not as strong as Trump says it is. Government economists think GDP growth will be 2.1 percent at the end of 2019. In 2018, GDP growth was a decent 3.9 percent. Trump’s knee-jerk decisions created the economic mess investors face in 2019.
The president’s government shutdown and his tariffs hurt the economy. And the national debt continues to grow thanks to Trump’s demand for a useless border wall and his unproductive tax cut. Plus, his decisions to stop people from entering the U.S. to seek asylum will continue to hurt the economy.
Most investors didn’t see all that coming when Trump got the big job. But angel investor Shervin Pishevar knew Trump was an economic rookie. Shervin Pishevar tried to warn investors when he went on a 24-hour tweet rant about the dangers investors face while Trump is president. Pishevar said the stock market is not the place to be in 2018.
Some investors found out the hard way that Shervin was right. Bond investors didn’t listen when Pishevar said the yield curve will flip. Now, the 3-month yield is almost the same as the ten-year yield. Uber funder Shervin Pishevar knew that would happen when Trump went into tariff mode.
In fact, most of Shervin Pishevar’s tweets make a lot of sense now that Trump proved he doesn’t understand economics. Every move Trump made over the last two years hurt Gross Domestic Product growth. And his reaction to asylum seekers will also hurt the economy in 2019.
Shervin Pishevar decided to let investors know Trump’s policies would hurt them. But most investors didn’t think Shervin had a grasp on reality back then. But now they realize he did.
While funny, this is also a testament to almost flawless product design (Apple + Instagram). https://t.co/uNkjfMY9Sr
— Shervin 🦄🦄🦄🦄🦄🦄🦄🦄🦄🦄🦄🦄🦄🦄 (@shervin) April 25, 2019