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You can't be serous that a president who had imposed all kinds of tariff, unnecessary tax breaks, and appointed a new Fed Chairman can still pass off this economy as someone else's???!!
This is definitely the Trump economy.
.
Well until it breaks but not too worry, the Orange Man will have plenty of others to blame. Airtight lock.
Cause of what? The creation of all the new high paying manufacturing jobs here in America? Certainly beats all the hamburger flipping jobs created by the last administration
Jobs, not mobs
Where are all those high paying manufacturing jobs, certainly not in West Virginia and the rust belt. Maybe he is taking credit for the Mercedes Benz factories in the south, I thought he was going to bring back these manufacturing jobs. Where are they.
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Location: Great Britain
27,188 posts, read 13,477,157 times
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Quote:
Originally Posted by whogo
Thank Protectionism.
Think $1 Trillions worth of share buybacks in the US based on trillions if tax cuts which will see the budget deficit become ever greater.
If you don't know what buy backs are, they are when companies go out and but their own shares thereby increasing the share price and returns.
Many people have cited stock buy backs as market price manipulation and legalised fraud, indeed at one time it was fraud until thge regulations were relaxed in the 1980's.
We are now seeing record levels of buy backs although in the longer term this is not good news as the share prices can not keep increasing on the back of buy backs and tax cuts, and markets may eventually crash, as they inevitably do.
It also woth noting that stock markets across the world are enjoying record levels, and this is partly due to the recovery of the world economy and in regions such as Europe where the financial crisis and Euro crisis hit economies particularly hard. Indeed London's Stock Indice the FTSE is at a record high, despite Brexit, so does that mean that Theresa May is an economic genius - I very much doubt it. The same thing is happoening across Stock Markets in Europe, the Far East and across the globe.
In terms of protectionism and tariffs, they haven't taken effect yet, indeed Chinese tariffs on US goods will not take effect until next year and Trump has only so far had a trade skirmish with Europe, indeed a full trade war with Europe would cost the US alot of it's $500 Billion exports to Europe every year and tens of millions of American jobs, and the US Stock Market may well start breaking records in the opposite direction. Whilst Trump's plans for deregulation of banking, pave the way for future banking crisis.
During Obama's time in office the stock market rose from 6,547 to 19,762 (a increase of 13,215 points.)
During Trumps time in office the stock market rose from 19,762 to 25,444 (a increase of 5,682 points.)
The left taking it has been known for MONTHS. If the money folks were worried about it they would not have donated so heavily to democrat campaigns. They feel quite the opposite, with serious concerns about Trump and Republicans managing things well. Take a look at campaign donations. That will answer that nonsense.
If that was the concern it would have been already baked in. It has more to do with things like future earnings guidance for example, volatility, irresponsible tax cuts, tariffs, and so much more. Theres a TON of causes....and really none of them have any realistic relationship to if the Democrats take the house.
Fairly accurate. I'll add that "the money folks" are going to play whatever cards they are dealt.
If R's win, they'll try to cash in quickly, as R policy is a wealth redistribution from the middle class to the upper class (1%). If the R's stay in power, the money folks will milk it.
If D's win, they know that regulation will be more, and potential to exploit unreal profits will be lower. They will invest in a slower, but steady economy.
Ask ANY business person who is in it for the long haul, and they will tell you they will take stability over unrealistically high earnings any day. Note that I said "Long haul". (Don't believe me, look at the oil industry. Even with $70-80 oil, they are skiddish because the Trump Economy is not stable. They were investing in the second term of Obama. Ignore the rhetoric, look at their actions.)
It's not the Trump economy ....and he was a dumb-ass for taking credit for the Obama economy--that he correctly identified as a bubble before and during the campaign--- that was flush with 4 1/2 trillion of QE
--- that's now being sucked out.
Republican GW Bush started America's Quantitative Easing (QE).
Trump the globalist gladly goes around the world looking for finances. Then lies to his supporters claiming he is a nationalist.
Lol--our president, the 'billionaire', has lousy credit--he's a deadbeat.
American banks won't do business with him, and most of his RE buyers and partners are either BFFs or foreigners (Chinese, Russian, Mideastern). When he says he makes good deals, he means for himself alone, and screw everyone else, including financial backers.
Think $1 Trillions worth of share buybacks in the US based on trillions if tax cuts which will see the budget deficit become ever greater.
If you don't know what buy backs are, they are when companies go out and but their own shares thereby increasing the share price and returns.
Many people have cited stock buy backs as market price manipulation and legalised fraud, indeed at one time it was fraud until thge regulations were relaxed in the 1980's.
We are now seeing record levels of buy backs although in the longer term this is not good news as the share prices can not keep increasing on the back of buy backs and tax cuts, and markets may eventually crash, as they inevitably do.
It also woth noting that stock markets across the world are enjoying record levels, and this is partly due to the recovery of the world economy and in regions such as Europe where the financial crisis and Euro crisis hit economies particularly hard. Indeed London's Stock Indice the FTSE is at a record high, despite Brexit, so does that mean that Theresa May is an economic genius - I very much doubt it. The same thing is happoening across Stock Markets in Europe, the Far East and across the globe.
In terms of protectionism and tariffs, they haven't taken effect yet, indeed Chinese tariffs on US goods will not take effect until next year and Trump has only so far had a trade skirmish with Europe, indeed a full trade war with Europe would cost the US alot of it's $500 Billion exports to Europe every year and tens of millions of American jobs, and the US Stock Market may well start breaking records in the opposite direction. Whilst Trump's plans for deregulation of banking, pave the way for future banking crisis.
The price of stocks reflects future expectations. The 29 crash occurred when it became all but certain Smoot-Hawley would pass.
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