DOW 23000.....................O Say Can We Trump

It's cool if you want to attribute it to the Prez, but unless you heaped praise on Obama for the market tripling on his watch, a bit hollow...
 
archives said:
Can you read a graph;

http://www.macrotrends.net/1358/dow-jones-industrial-average-last-10-years

Small potatoes compared to what the last Administration accomplished, and didn't the President tell you last summer during the campaign that these economic indicators were phony?
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Under The Obama, they were phoney, because of "Quantitative Easing". QE means that The Fed printed money at a faster rate than the economy grew: your dollar became less valuable. The corollary to that is, the price of widgets (and stocks) rose.

QE was alo theft by the Fed on every American with liquid assets: a bank account, cash on hand or cash stashed in the mattress. Since the poor have a much higher percentage of their portfolio in liquid assets, they were affected by QE the most.
 
I am glad that the trend established when Obama was president has not reversed itself.
 
Right said:
Under The Obama, they were phoney, because of "Quantitative Easing". QE means that The Fed printed money at a faster rate than the economy grew: your dollar became less valuable. The corollary to that is, the price of widgets (and stocks) rose.

QE was alo theft by the Fed on every American with liquid assets: a bank account, cash on hand or cash stashed in the mattress. Since the poor have a much higher percentage of their portfolio in liquid assets, they were affected by QE the most.
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I tried to point that out the other day, but most are not sophisticated or economically aware enough to appreciate that. However, Cawacko is probably right in saying that there is a bubble forming and it may well burst before too long.
 
Corazón said:
I tried to point that out the other day, but most are not sophisticated or economically aware enough to appreciate that. However, Cawacko is probably right in saying that there is a bubble forming and it may well burst before too long.
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Always difficult to say if it's a bubble or not, so best to go back to basics. The price of a stock indicates the market's confidence in it's growth, much more so then its present value. Stock prices are high because the market is confident that Trump will do as he's promised, specifically, cutting corporate tax rates. If that happens, the growth spurt that we see now will pale in comparison. I actually think investors are being cautious. There is a huge potential for growth if US based companies start to bring back their overseas investments.
 
Right said:
Not completely unfounded. The stifling regulations, delays and inaction of The Obama created a growth deficit, and we are seeing a recovery from that now.
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Hahahaha. You're so cute when you're dead wrong.

1) You can't name any of these "stifling regulations"
2) You also can't name any of them that have suddenly and magically vanished because
3) The Gropingfuehrer hasn't done a damn thing about them

burns.jpg
 
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