appears to be gagging on the uncertainty created by the haphazard economic policymaking happening in DC.
Zandi cites:
Retail sales, manufacturing production, real consumer spending, home sales and most telling, consumer confidence, are all down meaningfully in the past month or two***
The thing is, trading and running a business out there on main street can be quite different. If I think I've made a bad decision I can click a button and be out of a trade in a blink of an eye. I can jump into the next trade just as quick. Easy-peasy. But what if I've invested a couple of million in capital expenditure on a new piece of equipment? There's no quick exit button for that. Folks running a main street business have to think long and hard about expenditures, risk, employing people ... and sometimes its easier, and indeed advisable, to just sit it out until the chaos is over.
You can always jump on some insider trading to generate some $$$ ;-) while awaiting the haphazard policymaking to pass:
A US$195mn buy order was placed & filled on BTC and ETH before Trump's announcementTrump bails out Bitcoin - "to move forward on a Crypto Strategic Reserve" This article was written by Eamonn Sheridan at www.forexlive.com. Read More Details
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