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Now comes the mother of all adverse effects — and what it brings with it is a regime that will be ignorant of economic policy and hostile to any effort to make it work. Effective fiscal support for the Fed? Not a chance. In fact, you can bet that the Fed will lose its independence, and be bullied by cranks.
So we are very probably looking at a global recession, with no end in sight. I suppose we could get lucky somehow. But on economics, as on everything else, a terrible thing has just happened.
The Dow just passed the 23,000 mark. Up 4,600 in seven months.
I understand that a small minority of people are benefiting... but many of them are the ones hating on Trump, but are profiting very nicely from their investments.
Do you also understand that for most of that we're still running on the momentum from Obama, and his legacy?
We're going to start seeing Trumps results here soon. My prediction? No idea. Some things look positive, some look drastically negative. What it balances out too? Your guess as is good as mine.
Now comes the mother of all adverse effects — and what it brings with it is a regime that will be ignorant of economic policy and hostile to any effort to make it work. Effective fiscal support for the Fed? Not a chance. In fact, you can bet that the Fed will lose its independence, and be bullied by cranks.
So we are very probably looking at a global recession, with no end in sight. I suppose we could get lucky somehow. But on economics, as on everything else, a terrible thing has just happened.
The Dow just passed the 23,000 mark. Up 4,600 in seven months.
I understand that a small minority of people are benefiting... but many of them are the ones hating on Trump, but are profiting very nicely from their investments.
hold your horses there mate.
the stock market is a function of fiscal policy since the great recession. it should start to unwind over the next year to two years based on monetary policy changes which are starting about this month if i recall correctly.
You need to understand asset inflation is rampant and it is NOT good. the Price of Obama fixing Bush's disaster has been a massive reduction in the purchasing power of the USD EURO...
, TRUMP is a fool to be on TV taking credit, those tapes will be played back mocking his claims. The markets don't just go up.
And if you think Trump's support levels are bad now, wait until you see them when the market tanks (and it always does).
Can you say "thanks Obama?" Rescued us from a brain-dead-bush great recession, and piloted us to a steady recovery.
Yes, when you have a senile orangutan in chief that is removing environmental and financial regulation, evil business leaders will cream (or wet) their pants at the prospect of short term gains.
Nice job voting 'murica.
Agreed.
Not that the president has much to do with the value of stocks, but Trump supporters should let us know when the stock market is up 150% from what it was the day Trump took office, because that what happened during Obama's term.
Inside the mind of a Trump supporter:
"How do I claim Trump did anything in his short time that made the stock market go higher (even though he didn't do anything) yet not have to get Obama the same credit for what happened during his term?"
DOES NOT COMPUTE. OVERLOAD. OVERLOAD.
Do you also understand that for most of that we're still running on the momentum from Obama, and his legacy?
We're going to start seeing Trumps results here soon. My prediction? No idea. Some things look positive, some look drastically negative. What it balances out too? Your guess as is good as mine.
Actually, I think he was holding us back. But yeah, we didn't plunge into a downward spiral. I'll give him credit for that.
I can't give him credit for the drastic turn upwards. The change is noticeably different from the Obama tenure.
Quote:
Originally Posted by Mathguy
Wild eyed partisans can never separate politics from a rational analysis of the facts.
This thread should be in the psychiatric forum.
Not sure what you mean... these are facts - I was more saying the experts are wrong, and the people hating on Trump are profiting from the current circumstances.
The rise in the Dow Jones is going at a historical rate. That's a fact.
Now I am sure if the market tanked as fast in the coming months - even though you don't want to credit Trump for the rise, you would most certainly blame him for any major stock decline. That's also a fact.
Can you say "thanks Obama?" Rescued us from a brain-dead-bush great recession, and piloted us to a steady recovery.
Yes, when you have a senile orangutan in chief that is removing environmental and financial regulation, evil business leaders will cream (or wet) their pants at the prospect of short term gains.
Nice job voting 'murica.
Hmmm..
Washington-George W--- $10 trillion in unfunded liability
Barak Obama---$20 trillion in unfunded liability..
Washington-George W--- $10 trillion in unfunded liability
Barak Obama---$20 trillion in unfunded liability..
Let that sink in all you Obama azz kiseers..
You DO know presidents don't determine budgets OR taxes generally right? They CAN have some effect, but you need to be specific.
So tell me, what EXACTLY did Obama do that increased the deficit?
Was it when he said that the costs of wars would be included i it, and not just put on a imaginary credit card for example?
The same must be done with Trump on this. For example his actions that harm the ACA might be laid at his feet with some justification, along with the resulting economic results. Which could be good OR bad.
You DO know presidents don't determine budgets OR taxes generally right? They CAN have some effect, but you need to be specific.
So tell me, what EXACTLY did Obama do that increased the deficit?
Was it when he said that the costs of wars would be included i it, and not just put on a imaginary credit card for example?
The same must be done with Trump on this. For example his actions that harm the ACA might be laid at his feet with some justification, along with the resulting economic results. Which could be good OR bad.
1- There hasn't been a budget since 2009.
2- The president and his cabinet does contribute to the spending that contributes to debts and deficits - which is why you are putting Trump and his ACA action in that category.
People are climbing onto stocks in anticipation that Trump and the Republicans are going to make tax changes that will allow corporations to bring their profits back into the USA at a lower (or non-existent) tax rate than is currently the case. Once that overseas money gets back here, stock buy backs and big executive bonuses for everyone!
Won't do squat for the white working class core of Trump supporters, but the establishment conservatives will be overjoyed - Donald Trump and the Republicans gonna make it rain for the rich people!
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