My thanks to David Zevin for pointing out stock performance errors in my earlier message that related some of President Trump’s accomplishments; and my apologies to Times readers and editors for those errors.
My letter contained several reliable statistics obtained from newspapers and the internet but stock performance was inexcusably quickly estimated on the back of an envelope. Percentage changes are of course dependent on the reference days selected but my error was caused by referencing the wrong year.
Also, President Obama served two terms and his first, coming off the bottom of a recession by benefit of Quantitative easing by the Federal Reserve Board, beat his second.
Mr. Zevin avers that the Trump share-price rise was engineered for the benefit of the “1 percent.”
Is self-styled heavy trader David Zevin in the 1 percent or is his account loaded with losses? I suspect neither and am happy for his probable profits.
Who can forget progressive economics professor Paul Krugman’s assertion on election night, following the initial 800-point Dow decline, that the market will never recover?
Parroting “progressive” talking points may induce hate and/or despondence but such lies are simply a more vicious kind of “fake news.”
Len Mansky
Roslyn
