🍒 Donald Trump was a stock market disaster - MarketWatch

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No results found.{/INSERTKEYS}{/PARAGRAPH} Even the plain old stock market index more than doubled. He has received an individual award from the Society of American Business Editors and Writers for his financial writing, and was part of the Boston Herald team that won two others. And Trump was a genius at wheeling, dealing and self-promotion. Russia urges the U. He even gave the company his initials, DJT, as its stock ticker symbol. Economists had expected that employment figures for May would show that coronavirus-related lockdowns cost the economy some 8 million jobs, but the figures showed a gain. The losses are very public and very easy to follow — and the losers are ordinary investors who bought the stock directly or through mutual funds. But the stock market is a little different. Advanced Search Submit entry for keyword results. Its debts mounted, the stock collapsed — and in the end, the creditors had had enough. Brett Arends. ET By Brett Arends. How the U. And sure, the bankers had taken him to the woodshed. Sign Up Log In. But he was older and wiser now. That was when the creditors — again — had to step in and take charge, and force the company through a Chapter 11 bankruptcy. {PARAGRAPH}{INSERTKEYS}After all, casinos are a license to print money. Creditors have lost billions along the way. Barron's: Stocks Took Off as Jobs Come Back Economists had expected that employment figures for May would show that coronavirus-related lockdowns cost the economy some 8 million jobs, but the figures showed a gain. Trump had complete control — both as the chairman and as the owner of a special class of stock that carried many more votes than those he sold to the public. By the mids, the economy was starting to boom again, too. Brett Arends is an award-winning financial writer with many years experience writing about markets, economics and personal finance. Retirement Planner. Economic Calendar. Even worse, many of those investors are voters, too. But as most of this has involved complex debt arrangements between Trump, his various business entities and dozens of banks, the details can easily get lost in the shuffle. Why 'Frankenstein' fraud costs U. Not even his chosen accounting firm, Arthur Andersen of Enron fame , could have hidden all the red ink.