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Another YUGE week for Trump! The record highs keep coming week after week after week.
It is an interesting fact !!!
Under the Trump admin more records have been set in less than three years than in Obama's eight years, in the stock markets !!!
Do democrats really believe that voters are going to risk screwing with the strong economy and job market by voting in a socialist?
You mean this 2.1% GDP grown and 5+ percent decline in manufacturing GDP?
Or the 5% per year returns (1/2 of usual) since he signed his tax reform?
I'm wondering which we should be so grateful for???? Perhaps you should read the thread about 40-78% of Americans hardly making it?
Do you think the needle has moved for them? I don't. I know all my diversified accounts have only gone down...and then back up to where they were almost 2 years ago!
We are now told to cheer because there is unlikely to be a "general" recession, only the slowdown we are seeing to a tiny rise in GDP...of course, GDP includes higher health insurance rates, higher prices for the Tariff King, etc...so it's not a good thing for the forgotten man and woman.
This is certainly not a "rising tide lifts all boats" type of economy.
Putting it a bit more exactly, as I remember when this post was started 19 months back, the DOW was at about 25.3 - and that was when the great giveaway (tax cuts from debt and deficit) was initiated. Today the DOW is 27.2.
Let's go to that trusty compounding calculator and see what we made with quarterly compounding. First, I will enter 5% per year - about 1/2 of good market returns and see what we'd have..... Compound Interest Calculator
27,393.58
WOW, so we made less than 5%. I've made over double that in the last 25 years (average).....let's see the effect if we would have made 10% since Tax Reforms and Tariff scares....
29,631.47
OK, so if DOW was about 30K or over we'd be about normal since that time.
One would have to be math challenged to think that the tax cuts and tariff uncertainties and the manufacturing downturn, the car sales drops and the housing prices stable...and now the Fed stopping with normalizing...is somehow magically a GREAT economy.
You mean this 2.1% GDP grown and 5+ percent decline in manufacturing GDP?
Or the 5% per year returns (1/2 of usual) since he signed his tax reform?
I'm wondering which we should be so grateful for???? Perhaps you should read the thread about 40-78% of Americans hardly making it?
Do you think the needle has moved for them? I don't. I know all my diversified accounts have only gone down...and then back up to where they were almost 2 years ago!
We are now told to cheer because there is unlikely to be a "general" recession, only the slowdown we are seeing to a tiny rise in GDP...of course, GDP includes higher health insurance rates, higher prices for the Tariff King, etc...so it's not a good thing for the forgotten man and woman.
This is certainly not a "rising tide lifts all boats" type of economy.
Putting it a bit more exactly, as I remember when this post was started 19 months back, the DOW was at about 25.3 - and that was when the great giveaway (tax cuts from debt and deficit) was initiated. Today the DOW is 27.2.
Let's go to that trusty compounding calculator and see what we made with quarterly compounding. First, I will enter 5% per year - about 1/2 of good market returns and see what we'd have..... Compound Interest Calculator
27,393.58
WOW, so we made less than 5%. I've made over double that in the last 25 years (average).....let's see the effect if we would have made 10% since Tax Reforms and Tariff scares....
29,631.47
OK, so if DOW was about 30K or over we'd be about normal since that time.
One would have to be math challenged to think that the tax cuts and tariff uncertainties and the manufacturing downturn, the car sales drops and the housing prices stable...and now the Fed stopping with normalizing...is somehow magically a GREAT economy.
It's not.
Seems like you are trying to convince people that everyone was better off when the DOW was at 15.000 !!!
There is no prize for that, not even the Eric Wimple Mug !!!
You mean this 2.1% GDP grown and 5+ percent decline in manufacturing GDP?
Or the 5% per year returns (1/2 of usual) since he signed his tax reform?
I'm wondering which we should be so grateful for???? Perhaps you should read the thread about 40-78% of Americans hardly making it?
Do you think the needle has moved for them? I don't. I know all my diversified accounts have only gone down...and then back up to where they were almost 2 years ago!
We are now told to cheer because there is unlikely to be a "general" recession, only the slowdown we are seeing to a tiny rise in GDP...of course, GDP includes higher health insurance rates, higher prices for the Tariff King, etc...so it's not a good thing for the forgotten man and woman.
This is certainly not a "rising tide lifts all boats" type of economy.
Putting it a bit more exactly, as I remember when this post was started 19 months back, the DOW was at about 25.3 - and that was when the great giveaway (tax cuts from debt and deficit) was initiated. Today the DOW is 27.2.
Let's go to that trusty compounding calculator and see what we made with quarterly compounding. First, I will enter 5% per year - about 1/2 of good market returns and see what we'd have..... Compound Interest Calculator
27,393.58
WOW, so we made less than 5%. I've made over double that in the last 25 years (average).....let's see the effect if we would have made 10% since Tax Reforms and Tariff scares....
29,631.47
OK, so if DOW was about 30K or over we'd be about normal since that time.
One would have to be math challenged to think that the tax cuts and tariff uncertainties and the manufacturing downturn, the car sales drops and the housing prices stable...and now the Fed stopping with normalizing...is somehow magically a GREAT economy.
It's not.
On can easily pick and choose which metrics support their position. It is also easy to pick specific points in the stock market that support your position. Any reason you chose the last 19 months? Quite frankly there are plenty of good economic metrics (when compared to the previous administration). Hell, Obama was thrilled with a GDP above 2! Given what I've seen so far in my business for July (housing industry), I will predict a higher GDP in Q3. By the way, the DOW is NOT the economy.
It is an interesting fact !!!
Under the Trump admin more records have been set in less than three years than in Obama's eight years, in the stock markets !!!
Too bad Obama wins overall. With the way gdp numbers are being revised down, the golfer in Chief is teeing us up for a recession next year
You mean this 2.1% GDP grown and 5+ percent decline in manufacturing GDP?
Or the 5% per year returns (1/2 of usual) since he signed his tax reform?
I'm wondering which we should be so grateful for???? Perhaps you should read the thread about 40-78% of Americans hardly making it?
Do you think the needle has moved for them? I don't. I know all my diversified accounts have only gone down...and then back up to where they were almost 2 years ago!
We are now told to cheer because there is unlikely to be a "general" recession, only the slowdown we are seeing to a tiny rise in GDP...of course, GDP includes higher health insurance rates, higher prices for the Tariff King, etc...so it's not a good thing for the forgotten man and woman.
This is certainly not a "rising tide lifts all boats" type of economy.
Putting it a bit more exactly, as I remember when this post was started 19 months back, the DOW was at about 25.3 - and that was when the great giveaway (tax cuts from debt and deficit) was initiated. Today the DOW is 27.2.
Let's go to that trusty compounding calculator and see what we made with quarterly compounding. First, I will enter 5% per year - about 1/2 of good market returns and see what we'd have..... Compound Interest Calculator
27,393.58
WOW, so we made less than 5%. I've made over double that in the last 25 years (average).....let's see the effect if we would have made 10% since Tax Reforms and Tariff scares....
29,631.47
OK, so if DOW was about 30K or over we'd be about normal since that time.
One would have to be math challenged to think that the tax cuts and tariff uncertainties and the manufacturing downturn, the car sales drops and the housing prices stable...and now the Fed stopping with normalizing...is somehow magically a GREAT economy.
It's not.
Actually DOW was 26.6 in Jan 2018, so we have gone NOWHERE since then, which is pathetic.
Now they celebrate 2.1% GDP growth as "amazing", so clearly they are trying to talk themselves in to believing the lies they hear from the White House.
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