Trump Spent $84 Billion Last Month To Goose The Market and Economy

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Barack Obama left a big gift for Donald Trump on Inauguration Day. It was the gift of cash, $382 billion in the account of the US Treasury, to be exact. That was, by far, an all time record for that date.

Of course Barack did not intend to hand that over to Donnie. The Obama Administration had built up that pile of cash in the anticipation of the crowning of Queen Hillary for her to shower on her subjects. Obama inadvertently handed a big can of gasoline and a pack of matches to a pyromaniac, and boy did he burn it.

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Lee Adler

I’ve been publishing The Wall Street Examiner and its predecessor since October 2000. I also provide analysis and charts for David Stockman's Contra Corner which I developed for Mr. Stockman. I’ve had a wide variety of finance related jobs in the past 44 years, including a stint on Wall Street in both analytical and sales capacities. Prior to starting the Wall Street Examiner I worked as a commercial real estate appraiser in Florida for 15 years. I also worked in the residential mortgage and real estate businesses in parts of the 1970s and 80s. I have been charting stocks and markets and doing analytical work since I was a teenager. My perspective is not of the Ivory Tower. It is from having my boots on the ground and in the trenches of the industries that I analyze and write about today. 

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