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monolith
climber
state of being
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Jul 26, 2018 - 07:09am PT
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Trumps unemployment rate looks like a continuation of the rate drop under Obama.
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i'm gumby dammit
Sport climber
da ow
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Jul 26, 2018 - 07:18am PT
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The real problem in my opinion was the tax giveaway. That and deregulation are what is propping up the market. The end result will be that the inevitable recession will be much steeper than it otherwise would have been and the government will have already used it's tool to help (the tax cut).
You would have basically have to have never heard of economic policy to give a huge tax cut when you're nearing full employment. 75% of the ads on the radio (in the Reno/Tahoe area) now are for employers desperately seeking good help, and not finding it.
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EdwardT
Trad climber
Retired
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Jul 26, 2018 - 07:28am PT
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October 2007?
Hmmm
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monolith
climber
state of being
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Jul 26, 2018 - 07:34am PT
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And what's the current unemployment rate, Sketchy?
Hmmm
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blahblah
Gym climber
Boulder
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Jul 26, 2018 - 07:38am PT
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Breaking news: the election was Nov. '16, not Jan. '18.
If you need to scrape up an extra two months to make your team look good you've already picked a loser.
Go Giants!
Funny world where it's two months from Nov. '16 to Jan. '18. Those 25% gains in 2017 never happened in the world of those suffering from TDS.
After you've figured out that a year is 12 months long, not zero months, read something on mean reversion.
Now Trump's tax cuts may seem like an aggressive maneuver, but you know what they say, make hay while the sun shines.
Remember we had the slowest recovery ever under Obama, so we had a one two punch of the Great Recession and then a historically slow recovery.
People were ready for a little zip in the markets and the economy, just needed a little push in that direction, and it looks like that's what we're seeing.
Oh yes and keep bumping by all means: lots of good discussion here.
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John M
climber
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Jul 26, 2018 - 07:43am PT
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Fast growing economies are unsustainable. They crash.
Slow growth is steady growth and can be sustainable.
only the greedy crave fast growth.
Edit:
There were 270 threads with "obama" in the title. Not sure how many were deleted.
There are 27 Trump threads so far.
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Fat Dad
Trad climber
Los Angeles, CA
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Jul 26, 2018 - 07:45am PT
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Lock this thread too.
Its another hateful echo chamber. You mean like Fox News? When you can't deal with reality or actually defend your position, just blame the other side.
The Republican satisfaction with Trump reaffirms a belief I've long privately held, that they are only concerned about their pocket books. Install a demogague who subverts the truth, threatens the fundamentals of our democracy, but it's totally cool as long as my portfolio is going up.
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Gary
Social climber
Desolation Basin, Calif.
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Jul 26, 2018 - 08:13am PT
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Democratic socialism & being taxed at 90% is not good for the U.S. economy,
Actually, the economy was working out pretty well for most people during the height of the New Deal and 90% tax brackets back in the 1950s and '60s.
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blahblah
Gym climber
Boulder
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Jul 26, 2018 - 08:14am PT
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Aside from of trying to give him credit for time he wasn't even in office (and editing your posts to change the facts, pure trumpkin, lol) the real story here is that you really have a huge hard on for the guy. Unwavering trumpkin obedience.
Like to be charitable and think you're just confused rather than fibbing, but no editing posts on my part, other than sometimes to fix a typo or add something. I don't think anything got changed in any of my posts in this thread, but if it did and you got confused, sorry.
And yes, Trump does get credit for time he wasn't even in office because prices are based on expectations of future events; the markets expected all sorts of good things would happen under Trump so prices went up.
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EdwardT
Trad climber
Retired
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Jul 26, 2018 - 08:17am PT
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Power Crux
Social climber
Collecting farmer welfare
Eddie Triggered is trying to make a point?
I like the title of this thread. Keep bumping it.
There's my little bitch.
Morning, Cupcake.
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John M
climber
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Jul 26, 2018 - 08:18am PT
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like promising ice cream to a child to get them to behave. short term gain for long term problems.
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dirtbag
climber
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Jul 26, 2018 - 08:45am PT
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And yes, Trump does get credit for time he wasn't even in office because prices are based on expectations of future events; the markets expected all sorts of good things would happen under Trump so prices went up
Except that trump was expected to lose.
Lol
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Bushman
climber
The state of quantum flux
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Jul 26, 2018 - 09:02am PT
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The Crimes, the Hookers, the Porn Stars, the Love Child, the Collusion, the Treason, the Lies, the Racism, the Misogyny, and the Hypocrisy...
Some things never go away like we want them to.
http://www.supertopo.com/climbers-forum/3070702/Trump-has-entered-the-Querencia-Phase-of-his-presidency
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John M
climber
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Jul 26, 2018 - 09:26am PT
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Blah blah is talking about the boost to the markets, ( which by the way is not the economy ) after it was announced that Trump won. Its not that hard to figure out that people believed that the markets would go up fast because of Trump, and thus the markets did go up. They knew that trump would loosen everything up, making extreme profits possible. The problem with that kind of loosening are all the other extremes that are possible. But some people just don't care because if they can make lots of money, then who cares about things like the environment, or workers rights/needs, or any of the other myriad things that are getting trashed right now. What happened to paying down the debt? What happened to cutting costs? Where is the cheap health care Trump promised? None of these things matter to people who have or are making lots of money because they then believe that they can take care of their little corner of the world. They don't care about anything beyond what directly effects them. And they don't have that much problem with blaming others if others health goes south and they can't afford it. They should have worked harder or smarter is what they say. Its a superiority complex.
That is not to say that the liberals don't have their own form of superiority complex. They certainly do. Its just pointed at different things.
the only way to truly help the country is to balance ones needs with the needs of others. Plus work on moderating ones self. And then if people aren't willing to moderate themselves, then you have to have wise laws in place to help them moderate themselves. Or take away their ability to hurt others. That includes with money.
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HermitMaster
Social climber
my abode
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Jul 26, 2018 - 09:26am PT
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dirtbag
climber
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Jul 26, 2018 - 09:34am PT
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f*#king brilliant...^^^
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dirtbag
climber
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Jul 26, 2018 - 09:35am PT
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John, you’re putting words into blahs mouth. He didn’t say any of that.
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blahblah
Gym climber
Boulder
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Jul 26, 2018 - 09:38am PT
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Except that trump was expected to lose.
Lol
The dramatic shift in prices before and after the election is significant because Trump was expected to lose.
If he would have been expected to win, that would been priced in before the election.
But his election was an upset, and ZOOM, the markets took off after the election.
So Obama and Hillary have to take some blame for the very lackluster returns of mid-2016, and you have to give it to Trumpster for the huge gains that started at the election. (Or to be more precise, you have to give it to investors' expectations of the results of Trump's leadership.)
Edit: I hadn't read John's post when I wrote the above: I basically agree with it, except it's got a bit of a negative connotation about the rising markets.
As to poor dirtbag, gotta work on those reading comprehension skills -- from my earlier post:
And yes, Trump does get credit for time he wasn't even in office because prices are based on expectations of future events; the markets expected all sorts of good things would happen under Trump so prices went up.
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John M
climber
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Jul 26, 2018 - 09:48am PT
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dirtbag.. read my post again. The first sentence is the only part about Blah blah.
When it was assumed that Hillary would win, the markets were stable. They went up after Trump won. For those who don't mind crashes, then in their minds the markets going up fast are good.
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