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"If rates go up, you're going to see something that's not pretty," the billionaire businessman told Fox News during a Tuesday morning phone interview. "It's all a big bubble."
and here
During the first presidential debate in September 2016, then-candidate Donald Trump argued that the booming performance of the stock market under the Obama administration should not be trusted.
“Believe me: We’re in a bubble right now. And the only thing that looks good is the stock market — but if you raise interest rates even a little bit, that’s going to come crashing down,” Trump said. “We are in a big, fat, ugly bubble. And we better be awfully careful.”
Seems strange that he says stuff like this then wants people like Janet Yellen. Up is down, left is right, in is out.
Wouldn't it be nice to know which direction trump is heading for sure?
We apparently have a lot of "experts" here that have not been investing or following the stock market for long. Since Trump's election, in just 15 months, the DOW has gained ~35%. In the entire decade from the peak in 2007 until the election, the market had gained ~30%. In nearly a decade... The decline Friday-Monday was ~5%, after news that might indicate a slight inflationary uptic. Profit taking after such a gain and under such conditions is hardly a surprise. Nor is the increase in the DOW today. Fundamentals are strong, with low UE, increasing investment, increasing wages, high consumer and business confidence and a boost in profits-hardly cause for panic.
Thus far, the economy has been the only thing Trump has had going for him. Now that is starting to show some serious cracks. If we go into recession, which is starting to look more and more likely, what will Trump supporters have to cling to? This one is also likely to be a doozy (worse than 2008) because the federal government doesn't have the ammunition to respond to it. Rates are still too low and spending is too high. During expansionary periods, its important to prepare for the next downturn and we have not done that.
One thing is certain; if we go into recession that will end Trump's chances of a second term.
For me, getting immigration fixed and securing our borders take precedence over any economic consideration. Secondly, getting good judicial appointments also trumps economic issues.
About the economy, if the US does go into recession while Trump is President and we have a Republican Congress, then Republicans will lose the next election cycle. If the Democrats are in charge of Congress and drive the economy into the ditch like Harry & Nancy did, then Trump can still win again in 2020.
Thus far, the economy has been the only thing Trump has had going for him. Now that is starting to show some serious cracks. If we go into recession, which is starting to look more and more likely, what will Trump supporters have to cling to? This one is also likely to be a doozy (worse than 2008) because the federal government doesn't have the ammunition to respond to it. Rates are still too low and spending is too high. During expansionary periods, its important to prepare for the next downturn and we have not done that.
One thing is certain; if we go into recession that will end Trump's chances of a second term.
They will blame it on the Democrats and Liberals for preventing Trump from accomplishing any of his agenda. They will never put any responsibility on Trump himself.......never.
Thus far, the economy has been the only thing Trump has had going for him.
Only in your and other liberals opinion, and you don't even credit Trump with the economy. Just because YOU don't like it doesn't mean the other half or more of the country doesn't.
Thus far, the economy has been the only thing Trump has had going for him. Now that is starting to show some serious cracks. If we go into recession, which is starting to look more and more likely, what will Trump supporters have to cling to? This one is also likely to be a doozy (worse than 2008) because the federal government doesn't have the ammunition to respond to it. Rates are still too low and spending is too high. During expansionary periods, its important to prepare for the next downturn and we have not done that.
One thing is certain; if we go into recession that will end Trump's chances of a second term.
The bold above. Obama was in office and many say its still his economy.
Electing another clueless Dem isn't a solution.
The other small point is, the stock market isn't the economy.
Thus far, the economy has been the only thing Trump has had going for him. Now that is starting to show some serious cracks. If we go into recession, which is starting to look more and more likely, what will Trump supporters have to cling to? This one is also likely to be a doozy (worse than 2008) because the federal government doesn't have the ammunition to respond to it. Rates are still too low and spending is too high. During expansionary periods, its important to prepare for the next downturn and we have not done that.
One thing is certain; if we go into recession that will end Trump's chances of a second term.
1. the stock market and the economy are two different things
2. recessions happen...some small like at the end of the century when the dot-com busted...some big
3. corrections happen to the stockmarket..... goes up pretty fast 5500 points... you can expect a correction of 2-3k before it GOES BACK UP
4. the recession officially ended in jun of 09...without one thing from Obama..... yet growth has been dismal
5. we are just starting to see some decent growth... not because of trump, but certainly during his tenure
Thus far, the economy has been the only thing Trump has had going for him.
No. Trump's stand on immigration issues is widely admired, despite what you may see on the evening news. Reforms on immigration in the direction of better security, more selective admission policies, and elimination of foolish programs like the diversity lottery, will be counted among the most significant achievements by a president in recent memory.
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