Another record stock market close (wages, campaign, Republican, injection)
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
The stock market rallied again for another record close as many investors are hedging on bets in multiple industries that President Elect Trump will look to invigorate that President Obama has shutdown.
If the stock market rally is real and there's enough buffer in place, a recession next year could be averted by the injection of investments in new industries that was once off limits in a left leaning Obama administration.
Wall Street getting ready to party again. Get ready to privatize the profits/socialize the loses. Too big to fail, here we go again.
Quote:
The property billionaire also said he was not worried about “the guys on Wall Street”, adding, “I don’t accept their money.”
But a few months later, the Republican made a U-turn, making overtures towards several big players in finance, from the activist shareholder Carl Icahn to the hedge fund manager John Paulson, who made his fortune shorting the subprime mortgage market when the crisis hit.
Obama is going to have a great record on stock growth during his term
Yeah, his stock growth record will likely be higher than the millions who have entered the rolls of government assistance and poverty. I suppose the low wage jobs he provided people didn't leave them much to put in the stock market or it would be higher.
Timing this bubble will not be too hard. Tax rates are the key. The bet in the market is lower tax rates to create higher profits. You still need people to make a wage high enough to expand sales. If those gains are not turned into higher wages those profits go away.
The GOP tax plan hurts 90% of wage earners. I have seen it here in NC.
By the way business is doing very well as the 4th quarter moves on.
Raising taxes did not kill jobs in this country. As we have all seen by raising the top Bush tax cuts the economy is taking off.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
