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So if you had any experience in the investment industry, you might know that historically, the biggest gains in the stock market (with the exception of Trump) take place AFTER a big drop. So Obama just got lucky. It sure the he$$ wasn't because of his jacking up tax rates.
Obama didn't get lucky. He was riding a stimulus package and followed through with policy that maintained growth. Trump rode that same policy.
I suggest you learn more about economics and investments rather than questioning others.
Obama didn't get lucky. He was riding a stimulus package and followed through with policy that maintained growth. Trump rode that same policy.
Nothing will change the minds of these novice investors who ask basic questions, but dont want answers... just let them short the market or hide their cash under their mattress.
Uh, no. Throughout his tenure in the Senate, he has always been far left.
While he has remained consistent, his party has moved even farther to the left. The only use the Democratic Party has for Biden is that, well, he's alive - for now.
Quote:
Originally Posted by TexasLawyer2000
Obama didn't get lucky. He was riding a stimulus package and followed through with policy that maintained growth. Trump rode that same policy.
I suggest you learn more about economics and investments rather than questioning others.
I don't need to learn about economic and investment policy. I worked in the finance industry for over 20 years.
I don't need to learn about economic and investment policy. I worked in the finance industry for over 20 years.
I see that you carried the "I don't need to learn about economic and investment policy" for 20 years while working in finance. With that attitude, I'm not surprised.
I see that you carried the "I don't need to learn about economic and investment policy" for 20 years while working in finance. With that attitude, I'm not surprised.
Not at all. I soaked up as much as I could attending seminars for other departments to learn when I had the opportunity.
You just don't like my politics. Trust me. We conservatives are used to nasty liberals.
Not at all. I soaked up as much as I could attending seminars for other departments to learn when I had the opportunity.
You just don't like my politics. Trust me. We conservatives are used to nasty liberals.
I don't know your politics. Your politics has nothing to do with this thread.
I don't let my conservative values get in the way of facts. You don't need to like everything, but denying facts based on politics isn't going to get you anywhere.
I don't need to learn about economic and investment policy. I worked in the finance industry for over 20 years.
There are several moving parts to consider.
Cap gains will be going up. That's a given.
Federal income tax rates will be going up for those with incomes above a particular threshold TBD. That's a given.
Gift taxes exclusion will drop significantly. That's a given.
Estate taxes will increase significantly. That's a given.
The regulatory dead-weight imposed on business by the Federal Government will increase, and that dead-weight will depress GDP growth below what it otherwise would have been. That's a given.
Transfer payments to individuals below a particular threshold TBD will increase. That's a given.
Unemployment benefits will be extended. That's a given.
Federal financial bail-outs of the States will happen in some form, with an emphasis on the form of California, Illinois, and New York. That's a given.
Statehood for Washington DC will happen. That's a given.
Statehood for Puerto Rico is likely.
What is not a given is the 2022 mid-term elections & their impact on the above.
What is not a given is the 2024 elections & their impact on the above.
None of the above affect my long-term investment policy. They do affect my asset allocation. But significantly affect my estate plan and gifting plans. They also affect my personal spending patterns.
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