Jaw-Dropping Amount of Money the Stock Market Has Made Since Trump’s Been President
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Here’s the Jaw-Dropping Amount of Money the Stock Market Has Made Since Trump’s Been President.
Despite dire predictions to the contrary, the stock market has been having a great showing since the election of Donald Trump.
On Wednesday, the Dow made history by surpassing the 20,000 point mark for the first time in its history, enough to make financial experts literally bust out into song on TV.
For most Americans, it’s hard to understand exactly what these point gains mean in the bigger picture — but as economist Stephen Moore explained in an interview with Fox Business, the growth the stock market has seen equates to an increase of $2 trillion, all since Trump was elected.
Without a doubt, $2 trillion — that’s $2,000,000,000,000 — is a mind-numbing amount of money.
To put in perspective, here are a few examples of just what you could buy with all the money that’s been injected into the market:
Buy the World’s 10 Most Valuable Brands.
At $4.8 million a piece, the Koenigsegg CCXR Trevita has earned the title of “most expensive street-legal production car in the world” — primarily because it has a carbon fiber exterior that’s been injected with diamond dust.
Unfortunately, only three of these diamond-covered beauties were ever made.
Enough to Match the GDP of Any of 187 Countries.
With a population of roughly 320,000000, every American would receive $6,250 by splitting up $2 trillion.
Or, if it were to be split up amongst only the Trump voters — roughly 62,900,000 — that would tally out to $31,796.50 per person.
Last year, President Obama told Americans that Trump would need a “magic wand” to create the kind of growth he’d promised during campaign season.
With jobs returning to America and Wall Street marking historic growth, maybe never has the U.S. economy been so happy to see a president be so wrong.
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