When the stock market gets chaotic, you can count on at least one Republican presidential candidate to use the turmoil to his advantage.
Trump consistently hammers China, arguing its economic rise has come at the expense of U.S. workers. It’s a message that seems to resonate with primary voters.
In a bonus for Trump, he was the only GOP White House hopeful to jump on the issue Monday morning, a sign of his agility and willingness to fill vacuums in the political conversation left by other candidates. “We have nobody who has a clue” how to handle China, he said in an Instagram video:
From the other side of the political spectrum, Bernie Sanders also weighed in:
For the past 40 years, Wall Street and the billionaire class have rigged the rules to redistribute wealth to the richest among us.— Bernie Sanders (@BernieSanders) August 24, 2015
We need banks that invest in the job-creating economy. We don't need more speculation with the American economy hanging in the balance.— Bernie Sanders (@BernieSanders) August 24, 2015
Stock markers around the world have been sinking in recent days, with analysts attributing the sell off, in part, to concerns over China’s weakening economy and the possibility that the Federal Reserve will soon raise interest rates.
This morning the Dow Jones industrial average was down more than 1,000 points, or 6 percent, in early morning trading before rebounding. The Dow was down about 470 points as of 11:30 am.
The Post’s Drew Harwell with the rundown:
The dismal opening marked a worrying continuation of last week’s free fall. The blue-chip index plunged more than 500 points on Friday, capping its worst week since 2011 and entering what Wall Street calls a correction, having tumbled 10 percent from its May peak.
The sell-off bruised every industry, wiping out gains in rapid order after a year of mostly steady trading. Some of America’s biggest companies have shed tens of billions of dollars in market value in only a few days, with no signs of when the bleeding could stop.