University of Maryland economist Peter Morici tells Newsmax TV that the stock market can easily tumble as investors’ honeymoon with Donald Trump’s presidential campaign rhetoric comes to a sudden end.
“Investors can easily become disappointed and skeptical about today’s valuations, the market could take a dive, and that in turn could create an environment of pessimism that ripples through the economy,” he told “America Talks Live.”
“Already consumers are not spending. Look at car sales, look at retail sales generally. They’re not happening,” Morici explained to Miranda Kahn.
See Steve Malzberg on Newsmax TV: Tune in beginning at 12 PM EDT to “America Talks Live” — on FiOS 115/615, YouTube Livestream, Newsmax TV App from any smartphone, NewsmaxTV.com, Roku, Amazon Fire — More Systems Here
“People are starting to get cautious, they’re starting to get skeptical. It’s not that the people that voted for Trump don’t believe in Trump or don’t