I Lost $7,000 Today and Trump is Gloating About It

[louis c]

63. Consumer Confidence

In the market and the real estate crash in 2008-2009, people's home values plummeted.

If you remained in your home, it was of no financial consequence if you could maintain your mortgage payments. However, the feeling of wealth and security affected the consumer confidence of home owners and investors. If an individual had a mortgage of $250,000 and the home value went from $280,000 to $200,000, that person lost confidence, even though he wasn't selling. At that point, his potential loss of employment meant he had no safety net. Same thing with a 401K. In turbulent times, the feeling of security can have a tremendous effect on the overall economy, since confidence is a major part of the economic health of a nation.

So, my point is, that to have a potential President gloating over the misfortune of others, should have a debilitating effect on his election chances.

I hope you understand my point, now.