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Candidate Trump railed on how the Stock Market had been juiced and primed by QE under Obama and that it was a bubble ready to pop.
The moment stocks rose under him he forgot that he called it a bubble and started bragging about the rise.
Now he wants rate cuts, and end to QT, and more QE...all things that as a candidate he said were bad for the long-term and only good for the short-term.
His ego is out of control.
Quote:
Originally Posted by TreeBeard
This is true. All the ingredients of a market crash have been mixed by Trump, are being baked and soon will be ready to come out of the oven.
I disagree in part.
He has made problems worse, but the majority of it is out of his control. P/E ratios suggested that the stock market was overvalued on Obama's last day, we had massive QE under Obama that switched to QT under Trump, other countries' economies are slowing down, etc...
I repeat, don't get me wrong...Trump is making things worse asking for more rate cuts, more QE, trade wars everywhere, threats via twitter to anything, etc...but is being precarious with a bubble that already existed and he himself is trying to inflate the bubble further.
I think there will be an epic crash before next election, and Trumpers will blame it on Obama.
It is hard to argue against the notion that $4,500,000,000,000.00 in QE under Obama didn't inflate asset prices and Obama's Fed picks were all for QE pushers. So to say he gets 0% of the blame would be political posturing - no?
However, it wouldn't be 100% Obama's fault and it certainly won't be 0% Trump's fault. Trump himself campaigned that QE inflated the stock market into a bubble and now wants more of it. Ego....pop!
a year and a half and the market has gone nowhere - car sales suffering, house prices not going up,
Broadcom, the canary in the coal mine, showing we are in for deep doo-doo due to Trumps BS on trade.....and now the largest banks saying indicators are the worst in many years.
"Morgan Stanley’s Business Conditions Index indicates major turning points of the economy and it fell from 45 points in May to only 13 points in June. The 32 point nosedive is the largest one-month drop recorded by this measurement, and the June valley is the lowest the MSBCI has been since the financial crisis in December 2008, according to Morgan Stanley."
And Trump is saying he will make things WORSE if we don't re-elect him?
I am slowly dumping out of the markets.....something I have never done in my entire life (40 years of investing)....but, yeah, Trump is THAT BAD.
He's a "winner" in that regard. #1 in being incapable of anything.
Why not, Obama blamed everything on Bush for years!!! Or has that been forgotten?
Right - because we all know that the Great Recession never happened........neither did the wars. All those dead people, trillions and lost bets on Wall Street. Never happened. Just an acorn...nothing serious......
"The Great Recession is a term that represents the sharp decline in economic activity during the late 2000s, which is considered the most significant downturn since the Great Depression"
Is there anyone alive stupid enough to believe a word that comes out from that idiot's mouth?
40% of American voters believe most of what he says.
True.
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