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People understand market action and reaction. Besides, emm74 was just following vacoder post.
I would argue that those people trying so hard to attribute such actions and reactions to a particular POTUS really don't understand much of anything about the market.
I would argue that those people trying so hard to attribute such actions and reactions to a particular POTUS really don't understand much of anything about the market.
I would argue that those people trying so hard to attribute such actions and reactions to a particular POTUS really don't understand much of anything about the market.
It was the POTUS and Congress who decided to not only cut corporate taxes but personal taxes in the midst of a strong economy/later in the business cycle.
Now the things that people overlooked when the market was in full bull market, 2nd longest ever mode, are re-surfacing. The globe, not just the US, took on a lot of debt this last decade, and now that debt will be getting more expensive more quickly. Then you have the aging demographics across the developed world about to cashing in a bunch of public entitlements. China's growth has been slowing, can India step up?
Perhaps there is good reason for the QE trickle down economics that Obama supported and boy was it a large amount.
$12,300,000,000,000.00 of QE on Obama's watch. Hands down the biggest trickle down policy in US history. Obama is the king of trickle down, perhaps it was good for the economy...
P.S. Many of the people who don't own stocks do benefit from better funded pensions if stocks are up. Then again, if it is a bubble...that pension boost is only temporary.
There were plenty of reasons for QE the last few years, it may be valid that they were to slow unloading but Trumps appoinment is following The same plan as Yellen. Also some very good reasons for taking on debt and renewing the tax cuts, these tax cuts were a self inflicted wound.
Perhaps there is good reason for the QE trickle down economics that Obama supported and boy was it a large amount.
$12,300,000,000,000.00 of QE on Obama's watch. Hands down the biggest trickle down policy in US history. Obama is the king of trickle down, perhaps it was good for the economy...
QE also made buying a home, buying a car, going to school, etc. cheaper. It's not all about pumping up the stock market it was about injecting liquidity during a time when it was needed. If ~13 $ trillion of QE was needed to inject into economy, want to guess how much was on the other ended of the equation being taken out of the economy during their depths of crisis?
HAHAHAHAHA! Cons were all 'Donald Trump is the greatest president of all time - just look at the stock market!"
Now they're all ~ "no president controls the stock market". And right behind that is "it's Obamas fault".
Neither Trump or Obama "owns" the ups and downs of the market. Way too many other factors, the actions of a POTUS are at best a blip on the radar of the markets.
It was the POTUS and Congress who decided to not only cut corporate taxes but personal taxes in the midst of a strong economy/later in the business cycle.
Now the things that people overlooked when the market was in full bull market, 2nd longest ever mode, are re-surfacing. The globe, not just the US, took on a lot of debt this last decade, and now that debt will be getting more expensive more quickly. Then you have the aging demographics across the developed world about to cashing in a bunch of public entitlements. China's growth has been slowing, can India step up?
Neither Trump or Obama "owns" the ups and downs of the market. Way too many other factors, the actions of a POTUS are at best a blip on the radar of the markets.
Yes, a lot of us realize that. But we are still going to laugh ourselves silly at Trump and the Trumplings who thought he got some kind of super credit for every single point that the market went up, yet bears zero responsibility for any fall.
Yes, a lot of us realize that. But we are still going to laugh ourselves silly at Trump and the Trumplings who thought he got some kind of super credit for every single point that the market went up, yet bears zero responsibility for any fall.
As long as we are laughing at Obama for thinking he was some sort of economic god for "fixing" an economy that was basically at one of the lowest points possible. Both Trump and Obama know the game...try and take credit for the good stuff, blame the bad stuff on the last guy.
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