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The recover was slower than usual because the Republicans kept blocking Obama's policy which would have gotten the economy to an even higher high. The GOP even killed the Jobs Bill. The JOBS Bill!!!
Remember what the Republicans was saying back then what Obama should have done?? AUSTERITY!!!!! LOL!!!!
If it was the Republicans who were running the show we'd be exactly like Europe right now. Thank God Obama was in charge.
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Orwellian euphemisms don't change the fact that governments, parasitic entities by definition, are incapable of creating real jobs.
Your ill wishes for American trade deficit is very apparent...
We have to run trade deficits in order to maintain the dollar’s status as the world’s reserve currency. (Triffin dilemma). Trade deficits are good for us. I suggest google Milton Friedman Free Trade
I actually bought in about 10 days ago. I figure that the weaker Trump gets the better the market will do. In other words, it's a total circus right now and business isn't paying much attention to him any more since it's obvious he's a lame duck or a dead duck.
Assuming that is the case, we will all come out ahead.
On the other hand, the famous "Dow Passes 25,000" thread here is about 2 years old, so you must do the math. That's the very day Trump tax cuts and tariff threats started.
Since that time we are up 5.3% per year (for two years)....which is about 1/2 of the normal range. In addition, that 5% is after trillions more are added to the debt and deficit and interest rates are lowered so people can get in more debt
Not exactly winning.
It's amazing that anyone buys this back and forth...about 10+ times now of "The China deal is almost done" and the next week "The China deal is not even close".
Now Kudlow is talking about some "mini-me" China PR deal signed in his office without Trump or Xi. I think it's just so Trump can say "I got it done".
It's not called an accomplishment when you break things and then glue 1/2 of them back together.
My prediction - Equities will have one final melt-up, with the DOW topping into the 30K-32K range. And then between July 2020-July 2021 equities will be down over 50% from those highs in a very painful deflationary recession.
That's because we were coming out of the Great Recession, and all economic recessions are followed by a big recovery. The Obama "recovery" was actually slower than one would expect, given the depth of the recession. Should have been twice the rate.
Now, when you take over after a recovery, it's much harder to keep building because you're not starting from such an awful point. Law of diminishing returns type of thing. The idea that we have gone up ANOTHER 40% in three years is truly remarkable. But then you would have to give Trump's pro-business policies credit, and we know we can't have that!
Further complicating matters is the fact that we have effectively run out of workers and businesses are competing for the ones we have by increasing wages and offering better benefits.
That is usually bad for Wall Street but good for Main Street.
When was the last time Wall Street and Main Street flourished together?
Seriously, Hussein Obama was the worst president of all time...let's see
- Benghazi attack, 4 Americans killed including an ambassador
- Operation fast and furious - 1 American killed, border patrol agent
- military was in shambles and the drawdown destroyed our readiness...
- gave Iran billions of dollars in exchange for a fake treaty
should I continue?
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