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Honest chart would go to stock market lows in the last Bush month or two....for various reasons.
First, Bush had totally lost control. Secondly, Obama was in touch closely with the White House and Fed and Bush at the time and they came to agreements together on ways to fix some of the problems. For example, the TARP was signed by Bush, but backed by Dems and Obama (POTUS-Elect) admin.
On a rough basis, he tripled the S&P and the DOW went up 250%. Not bad. Oh, besides that he largely saved the world from a 30-50 year depression. Now we only have a 20 year recession.
Oh, the stim created an amazing amount of works, from interstate repaving to runway extensions to bike paths and solar PV farms...and much more. Sure beats giving tax breaks to the corporations.
One must remember that Bush made it so. He was in so far over his head....but even he was a brainiac compared to Don the Con.
I'm sorta with the rest of the word. What were we thinking? Hopefully we can get rid of that cockroach soon.
Great post.
The system worked the way it should have and recovered because the candidates and the Bush administration put a plan in place and executed it. The current administration seems to lack this ability, bouncing schizophrenically between the daily whims of Trump. As we know, markets hate uncertainty and we have that in spades right now.
The fact is the Keynesian solution was championed by Obama and McCain I doubt the market would have acted much different if Obama had lost in 2008.
I think that's true. Both men would have taken similar approaches.
That said Obama was the one elected. He made mostly the right moves IMO. He deserves credit for that.
As for now...
Trump deserved credit for not interfering with the upward trend when he arrived... he even goosed it because the business community had so much confidence that business-friendly legislation was coming their way. Then he cut some regulations, hired some wall street types, talked about overhauling the tax code to be pro-business, saber rattled a bit about re-negotiating trade deals... things were looking good.
But now he's actually starting to appear not like a blowhard that's going to stick to a straight republican governing agenda at the end of the day. He's starting to look like a loose cannon that is going to fill his cabinet with other loose cannons and cause a big old mess.
I think a lot will depend on what happens in the next few months. Can he settle down back to some sense of order? The market is pretty strong right now IMO so it can withstand a lot, and as has been said could stand a correction anyway, I'm not panicked about this.
Uh.... okay. So let me repeat my question against my better judgment. Who the hell ever said "steel and aluminum are the only commodities in use in the world"?
who? isnt he the one on 1st base?
your post indicated copper wasnt an important world commodity, I disagree. I don know anyone that said
"steel and aluminum are the only commodities in use in the world." since your reading comprehension seems to have trouble, Ill help you out by pointing out that steel and aluminum arent the only important commodities to world markets, believe it or not there are others.
your post indicated copper wasnt an important world commodity
My post said nothing AT ALL about copper. Where the hell are you getting this stuff? Are you accidentally reading someone else's posts and then responding to mine or something? Because your responses have almost no relation to anything I've actually said.
My post said nothing AT ALL about copper. Where the hell are you getting this stuff? Are you accidentally reading someone else's posts and then responding to mine or something? Because your responses have almost no relation to anything I've actually said.
post 19 in this thread:
Quote:
Originally Posted by Bitey
Trump has staked out a protectionist posture since long before he even announced his candidacy. What steel and aluminum tariffs have to do with the price of copper is anyone's guess...
poster name matches
each post mentions copper Although i admit I first brought up copper as its an important Chinese commodity that was already in a bad downtrend before this tariff bs crap talk started
caught red-handed trying to lie/backpedal/spin your way out
Thanks for playing
caught red-handed trying to spin your way out
Thanks for playing
Oh good lord that post also says nothing about copper. It asks why YOU responded with a random chart of copper prices -- a subject I never once brought up. And in no case did I ever discuss copper's importance or lack thereof as a world commodity.
So I'm gonna ask one more time, just because I want to amuse myself with whatever completely off-the-wall direction your answer takes us: who the hell ever said "steel and aluminum are the only commodities in use in the world"?
Last edited by Reads2MUCH; 03-24-2018 at 04:45 PM..
Reason: personal attack
Stocks traded sharply higher on Monday, bouncing back from strong losses in the previous session as trade tensions between the U.S. and China appeared to ease.
The Dow Jones industrial average surged 650 points, with Microsoft as the best-performing stock in the index. The S&P 500 gained 2.3 percent to bounce above its 200-day moving average, with technology and financials leading all sectors higher. The Nasdaq composite advanced 2.6 percent with Apple and Amazon both rising.
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