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Fritz
Social climber
Choss Creek, ID
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Topic Author's Original Post - Jul 25, 2018 - 08:15pm PT
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Despite "weak" assertions by Trumpites, the U.S. stock market has not done well in 2018 & Trump's tariffs are a source of dissent by his supporters, especially those from agricultural states.
The Trumpian tariffs may well crash our current positive economic growth.
The Obama economy, after the great stock market crash of 2008, way outperformed the economy that Trump inherited from Obama.
S & P 500 year to date. It's positive, but way below what was normal during Obama's presidency.
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monolith
climber
state of being
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Jul 25, 2018 - 08:31pm PT
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Paging blahblah...
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blahblah
Gym climber
Boulder
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Jul 25, 2018 - 08:34pm PT
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Friz,
Riddle me this:
When is it easier to have strong stock market returns:
right after a near-historic stock market crash (caused by a number of complex factors, most notably due to liberal policies encouraging lending to poorly qualified borrowers), or
after a very long (but somewhat muted) bull market?
Obama didn't do a terrible job by any means, but we were stuck in a bit of a rut, things are finally cooking now.
And don't you worry your pretty little head with all those charts and numbers: just look at the Dow on election night and now. Unless you foolishly got out of the markets (which I dearly hope is not the case), the Trump presidency should have been very, very good to you.
And best of all we're not getting guilt tripped all the time like we were under Obama and Holder.
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SteveW
Trad climber
The state of confusion
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Jul 25, 2018 - 08:37pm PT
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Trump is not good.
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rottingjohnny
Sport climber
Sands Motel , Las Vegas
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Jul 25, 2018 - 08:42pm PT
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blah , blah , blah is right....the stock market is cooking just like it did when Bush tanked the economy...
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Fritz
Social climber
Choss Creek, ID
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Topic Author's Reply - Jul 25, 2018 - 08:44pm PT
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blahblah? Despite your pseudo-parental assertions:
And don't you worry your pretty little head with all those charts and numbers: just look at the Dow on election night and now. Unless you foolishly got out of the markets (which I dearly hope is not the case), the Trump presidency should have been very, very good to you.
And best of all we're not getting guilt tripped all the time like we were under Obama and Holder.
I am mostly a buy & hold investor, with the vast majority of my money in Vanguard stock & bond funds.
I do believe your Trumpian beliefs, are contrary to thoughts held by folks with wider world-views than you have.
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i-b-goB
Social climber
Nutty
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Jul 25, 2018 - 08:48pm PT
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Democratic socialism & being taxed at 90% is not good for the U.S. economy, you'll see it when it happens, but then it will be too late!
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hooblie
climber
from out where the anecdotes roam
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Jul 25, 2018 - 08:58pm PT
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tariffs figure to tack $5,700 onto an F-150. that alone will secure the orphanator's place in history
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Fritz
Social climber
Choss Creek, ID
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Topic Author's Reply - Jul 25, 2018 - 08:59pm PT
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i-b-gobe! Re your assertion:
Democratic socialism & being taxed at 90% is not good for the U.S. economy, you'll see it when it happens, but then it will be too late!
I really do try to be polite on ST, but I can't work with people who have zero grasp of reality.
That is you.
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Fritz
Social climber
Choss Creek, ID
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Topic Author's Reply - Jul 25, 2018 - 09:02pm PT
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hoobie! Per your post!
tariffs figure to tack $5,700 onto an F-150. that alone will secure the orphanator's place in history
Heidi, who owns a 2009 F-150 has been thinking about a new one & my Toyota 4-Runner dates to 2013.
After seeing projected price increases for new autos, thanks to Trumpian tariffs, on NBC tonight, we are both motivated buyers.
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Contractor
Boulder climber
CA
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Jul 25, 2018 - 09:03pm PT
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Basic Obama doctrine, both in economics and foreign policy- "DON'T DO STUPID SH#T". The economy was recovering at a reasonable rate for those of us that don't rely on gang raping the vulnerable for financial gain and actually earn a living.
Why is Neo-Reaganism all about wasting stimulus bullets in the midst of recovery while amassing huge debt through unfunded tax cuts and spending? Greeeeed!
Blah- I'm a home builder or better known as, the canary in the cole mine. Labor markets are tight and I'm receiving material increases from our supply houses weekly. Your stock market is going to take a dump and a recession engineered by Trump and Congressional Republicans is heading our way.
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rottingjohnny
Sport climber
Sands Motel , Las Vegas
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Jul 25, 2018 - 09:05pm PT
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Fritz....Trump is a genius and surrounded by the smartest republicans....your investments are safe...fear not...
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rottingjohnny
Sport climber
Sands Motel , Las Vegas
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Jul 25, 2018 - 09:11pm PT
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Did you mean Redfoon...?
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Lennox
climber
in the land of the blind
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Jul 25, 2018 - 09:16pm PT
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Black Monday II — 10/22/2018
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Reilly
Mountain climber
The Other Monrovia- CA
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Jul 25, 2018 - 10:23pm PT
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The S&P 500 is up right about 33% since Trump was elected. That’s a darn nice return for a
year and a half. However, I don’t deceive myself by thinking it’s all Trump’s doing just like I
don’t think most market movement, up or down, is more than marginally attributable to many
presidents. They’re largely along for the ride. Just as y’all love to point out that index funds
outperform a lot of managed funds then you have to concede the same holds true for managing
the economy. Yes, you can royally screw it up easier than you can move it upwards but in the
last 50 years its sheer mass and momentum make it akin to driving a supertanker with a 50 HP
outboard. Fortunately, that is feasible as long as it is done by the likes of Janet Yellen and
Jerome Powell.
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Lituya
Mountain climber
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Jul 25, 2018 - 10:28pm PT
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Herr Fritz be whiny when he's when he's not whining about people who whine all the time. He rides like a Toyota Prius--but squeals like an old Dodge Polara with worn belts and bad wheel bearings.
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blahblah
Gym climber
Boulder
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Jul 25, 2018 - 11:04pm PT
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The market is up about 7% YTD for 2018. It did way better than that many of the Obama years. And now there is inflation. That is finally cooking?
Breaking news: the election was Nov. '16, not Jan. '18. We're talking about Trump has done, not how this year has done. After last year's ride, no surprise that we're on the breaks a tad (but things have been looking very good recently).
Now if Fritz is really unhappy with how is investments have done since Trump won, let's see what he held then and what he's got now, and try to figure it out. I just really hope he didn't sell big: I was only joking when I told him that (and maybe trying to scare him a bit, but not maliciously).
I'm a buy-and-hold, Vanguard type of guy myself, and if Fritz isn't literally dancing with joy when he checks his portfolio, something's wrong.
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EdwardT
Trad climber
Retired
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Jul 26, 2018 - 06:16am PT
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The US remains the world’s most competitive big economy, by far
Nearly nine years into an economic expansion, most Americans continue to believe their country is headed in the wrong direction. Now that attitude probably reflects more than just economic perceptions. And even feelings about the economy’s vigor seem influenced by political leanings.
That said, there’s some evidence that economic pessimism is unfounded. There is, of course, the continued expansion. And the American jobs machine keeps generating gobs of jobs, resulting in the lowest unemployment rate since 2000.
Then there are those global competitiveness surveys. And according to the latest from Switzerland-based IMD, which has been in the business since 1989, the US has jumped to #1 from a still respectable #4 last year. Even more impressive, there isn’t another large advanced economy — say, with a population at least 10% of America’s — until you get to Canada at #10. The US is also the highest-ranked large advanced economy in the World Economic Forum’s annual competitiveness report, behind only niche Switzerland overall.
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Contractor
Boulder climber
CA
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Jul 26, 2018 - 06:43am PT
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Yes, anyone that pays attention knows this has been the case since WWII.
MAGA would be a prophetic slogan for a future candidate if Trump wins a second term.
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zBrown
Ice climber
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Jul 26, 2018 - 07:01am PT
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With the intense focus on the stock market, it can be easy to forget that the market is one component of the economy; it's not the economy itself.
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