Dow plunges 665 points as stocks post worst week in 2 years

archives said:
Quite the contrary, even based upon all the numbers you conservatives are throwing around in this thread alone you owe Obama a huge apology, numbers wise his Market rise dwarfs Trump's, and he had to do it while dealing with a historical recession
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Not sure how that's a secret.
 
archives said:
Quite the contrary, even based upon all the numbers you conservatives are throwing around in this thread alone you owe Obama a huge apology, numbers wise his Market rise dwarfs Trump's, and he had to do it while dealing with a historical recession
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You are a bit delusional Archive.
 
signalmankenneth said:
Will Trump take credit?

https://www.msn.com/en-us/money/mar...t-worst-week-in-2-years/ar-BBIBtvE?li=BBnb7Kz
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No, but honestly, he shouldn't, nor should he when it rises, but that ain't likely, President's effect on the Market isn't as direct as Trump would like others to believe
 
blackascoal said:
We understand consequences, balances, and inflation better than the right does .. which is why the economy and employment usually does better under democrats.

The Fed may hike rates many times this year.

x66MillionJobs.jpg.pagespeed.ic.0JVOc8Ih3-.webp
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They already have hiked rates twice, and the market never flinched. This is about those who drove the market up, taking their profits after they watched people jumping in with both feet. The market was artificially inflated for the better part of a year.
 
Sailor said:
What exactly did Obama do to improve the economy? Other than for big banks and stimulus bailouts.
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Not sure how that is a question. The chart is right in front of you .. and there are lots more charts just like that one that demonstrate the steady rise in the economy under Obama .. and, starting from where he started from, which is a far worse economy than the one Trump inherited, I'm confused about what it is that you don't get.
 
blackascoal said:
Not sure how that is a question. The chart is right in front of you .. and there are lots more charts just like that one that demonstrate the steady rise in the economy under Obama .. and, starting from where he started from, which is a far worse economy than the one Trump inherited, I'm confused about what it is that you don't get.
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The chart is nice. What I am asking is what President Obama did, what policies he enacted, the improved the economy. I remember plenty of tax monies going to big banks and auto makers. The rest of America, no so much. So I must be missing all the policies he enacted for the rest of the businesses in this country. Perhaps you can point me to them.
 
Althea said:
They already have hiked rates twice, and the market never flinched. This is about those who drove the market up, taking their profits after they watched people jumping in with both feet. The market was artificially inflated for the better part of a year.
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The market has been inflated for multiple years. This asset bubble wasn't created last year. To whole point of QE was to create a wealth effect with bubbles. Well here we go. People are missing the big picture arguing this Obama/Trump credit nonsense. This is about the Fed.
 
blackascoal said:
We understand consequences, balances, and inflation better than the right does .. which is why the economy and employment usually does better under democrats.

The Fed may hike rates many times this year.

x66MillionJobs.jpg.pagespeed.ic.0JVOc8Ih3-.webp
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If that's the case what's going to happen with this Fed balance sheet unwind?
 
blackascoal said:
I have no idea.

Hopefully, we'll all still be alive.
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Well, hopefully it doesn't take 30 years or more to unwind.

But as far as understanding inflation as a Democrat do you think there will be no negative repercussions for the years of QE (keeping interest rates at essentially zero)?
 
cawacko said:
Well, hopefully it doesn't take 30 years or more to unwind.

But as far as understanding inflation as a Democrat do you think there will be no negative repercussions for the years of QE (keeping interest rates at essentially zero)?
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I depends on how central bank savings are invested. Education, infrastructure, research, job retraining, serious public investment is possible.
 
blackascoal said:
I depends on how central bank savings are invested. Education, infrastructure, research, job retraining, serious public investment is possible.
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The point of QE was to push people into riskier assets with the goal of creating a "wealth effect". It's why we have a stock market, bond and I'd say housing bubble today. They've started the unwinding of the Fed balance sheet and have raise rates with more expected. But ultimately if there was no repercussion for having rates at zero we would never raise them. But money isn't free and ultimately we have to pay for it. You can only kick the can down the road so far.

Yellen is being treated as a hero today but so was Greenspan at one point when he was labeled "The Maestro" of the economy. We see what happened to the economy and his reputation. Same thing is likely to happen with Yellen.

I am far from an expert on this so I'm not speaking as some authority source here. But I do read and follow this on a daily basis. You referenced Democrats understanding inflation better than Republicans so hence the question about QE and what's going to happen to this bubble.
 
cawacko said:
The point of QE was to push people into riskier assets with the goal of creating a "wealth effect". It's why we have a stock market, bond and I'd say housing bubble today. They've started the unwinding of the Fed balance sheet and have raise rates with more expected. But ultimately if there was no repercussion for having rates at zero we would never raise them. But money isn't free and ultimately we have to pay for it. You can only kick the can down the road so far.

Yellen is being treated as a hero today but so was Greenspan at one point when he was labeled "The Maestro" of the economy. We see what happened to the economy and his reputation. Same thing is likely to happen with Yellen.

I am far from an expert on this so I'm not speaking as some authority source here. But I do read and follow this on a daily basis. You referenced Democrats understanding inflation better than Republicans so hence the question about QE and what's going to happen to this bubble.
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I'm no expert either, but the fact that both the economy and jobs are better under democrats is fairly widely known and provable.

One of the unintended consequences of Trump's tax plan is inflation. I'm surprised that we're seeing it coming already.
 
blackascoal said:
I'm no expert either, but the fact that both the economy and jobs are better under democrats is fairly widely known and provable.

One of the unintended consequences of Trump's tax plan is inflation. I'm surprised that we're seeing it coming already.
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We just saw eight years of not reaching 3% annual GDP growth once. Not exactly a roaring story for the Keynesians to tell. Look at the great growth in Clinton's second term. That was led by deregulation and supply side capital gains tax cuts.

As far as inflation you can't print money like we did under Bernanke and Yellen and not expect inflation.
 
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