Trump and the DOW

Discussion in 'Politics, Religion, Social Issues' started by samcraig, Mar 26, 2018.

  1. samcraig macrumors P6

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    #1
    Do those that support him/are his base buy into this?

    The market tanked last week. Not a peep from him. But today the stock market gained SOME of it back and he's on twitter talking about MAGA?

    Further - under Trump we've had several record point losses within a year. I am not discounting the gains the market has had.

    But I just find it "funny" and sad that he thinks people just forget last weeks yuge losses. Desperate

    Screen Shot 2018-03-26 at 7.19.03 PM.png
     
  2. bradl macrumors 68040

    bradl

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    #2
    Not to deflect, but I wonder if Trump and DeVos will even recognize or celebrate Linda Brown, who died today.

    But he'll definitely care about money. There isn't much more left for him to care about at all.

    BL.
     
  3. Zombie Acorn macrumors 65816

    Zombie Acorn

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    #3
    I think it was dumb for him to step into owning the DOW in general but it's too late now so might as well highlight the upswings.
     
  4. dogslobber macrumors 68040

    dogslobber

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    #4
    The economy's robustness and success is the product of many years of Obama policies coming to fruition. Remember that Obama had to deal with the economical vandalism by Bush Jr. Trump is directly responsible for the inter-day plunges as those are directly tied to his twitters and other reckless comments.
     
  5. mgguy macrumors 6502

    mgguy

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    #5
    Make sense to accentuate the positive.
     
  6. bradl macrumors 68040

    bradl

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    #6
    Which brings in Trump's hypocrisy.

    Where was he with accentuating the positive when the DJIA started to flourish with Obama? Instead, he kept harping on what is negative, despite the DJIA setting record after record after record?

    Can't have it both ways, even despite that he has little positive to go off of.

    BL.
     
  7. Populism macrumors regular

    Populism

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    #7
    Genuinely if you have an opinion, and if so, if you care to share:

    Are there adverse consequences to quantitative easing?
     
  8. Zenithal macrumors 604

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    #8
    I don't think I've ever witnessed someone as tone deaf as this man.
     
  9. DearthnVader macrumors 6502a

    DearthnVader

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    #9
    All bubbles pop.

    When the housing bubble popped, we inflated the government debt bubble, when that bubble pops.....
     
  10. fitshaced macrumors 68000

    fitshaced

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    #10
    I don’t believe that’s true. If I recall correctly you were in support of his tax cuts and cited how the Dow was doing so well because of it.
     
  11. Eraserhead macrumors G4

    Eraserhead

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    #11
    Well the problem is that far too many people are too poor to live a reasonable lifestyle without government assistance. So it won’t be pretty.
     
  12. DearthnVader macrumors 6502a

    DearthnVader

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    #12
    We spend very little on public assistance for the truly poor, it's socialism for the rich, and capitalism for everyone else.
     
  13. VulchR, Mar 27, 2018
    Last edited: Mar 28, 2018

    VulchR macrumors 68020

    VulchR

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    #13
    And then Trump and the GOP inflated the debt bubble further by giving tax cuts to the rich.

    In any case, what we're seeing is definitely a pattern. Not so much an upswing or a downswing, but volatility. Why? Because POTUS is so unstable that businesses cannot make plans and therefore curb investment. That is a recipe for disaster.
     
  14. chagla macrumors 6502a

    chagla

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    #14
    Not true. He's a stable genius. I saw with my own eyes on twitter.
     
  15. Zombie Acorn, Mar 27, 2018
    Last edited: Mar 27, 2018

    Zombie Acorn macrumors 65816

    Zombie Acorn

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    #15
    I was in support of the tax cuts, still am, and the Dow was reacting to them when they were promised and passed, that was well after Trump already took ownership of the entire stock market though.

    The monetary climate has changed wildly since Obama was in office, we are expecting rate hikes into the future now, Obama ruled in a time of the lowest rates in history and money being juiced into the economy constantly. The taps are being turned off.

    https://www.google.com/amp/s/www.cbc.ca/amp/1.4586118

    Obama faced one rate hike during his entire presidency, Trump has already had 3 just in 2017 and they are projecting about the same for 2018.
     
  16. Eraserhead, Mar 27, 2018
    Last edited: Mar 27, 2018

    Eraserhead macrumors G4

    Eraserhead

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    #16
    Apart from all the police and child services spending the majority of which is spent in poor neighbourhoods. Then there is health, education and pension spending which is mostly spent in poor and middle income neighbourhoods.

    I guess in the US the poor don’t benefit from the military that much. But it is a way out for them.

    And I guess you could argue that housing benefit is a subsidy for landlords (though the better landlords generally refuse to take poor tenants) but to fix that we’d need to build a lot more council houses.

    Sure too much project spending goes to big companies. But that’s not most of the budget.
     
  17. 0007776 Suspended

    0007776

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    #17
    Towards the end of the Obama years they were already talking about bringing rates back up, it isn't a surprise for anyone who was paying attention.
     
  18. Solomani macrumors 68040

    Solomani

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    #18
    Leave it to Clown-in-Chief to put the Ow in the Dow.
     
  19. Zombie Acorn macrumors 65816

    Zombie Acorn

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    #19
    Obama saw 1 rate hike in eight years, Trump will see 6 in two years.
     
  20. AlexMaximus macrumors 6502a

    AlexMaximus

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    #20
    This question is the most relevant question. However answering is very difficult and also a matter of consciousness and perspective as well. Since 2008 we all know how this system works or how it does not, and everybody should be aware by now that:
    - we do not live in a democracy
    - the FED is private
    - the petro-dollar is enforced by us weapons worldwide
    - the us led wars are designed to keep the us reserve status as long as possible
    - the us law system itself as well as the constitution is not funktional
    - the dept crisis is wanted/designed to suck energy/money away from the stupid/unaware/deceived/manipulated general public, enslaved by entities mentioned above.

    Consequences:

    - enhanced but still slow awakening of the general public through more and more turmoil, job losses, money shifting from poor to rich, phoney political manipulated media bought by entities above to keep scam alive
    - more dept that never can be repaid, except money printing -> next us treasuries crisis on route because raising interest rate can't be paid
    - skyrocketing of gold & silver prices once s.h.t.f.
    - inflation or even hyper inflation once subsidiary payments are ceased
    - china will get stronger all the time, spends confetti dollar in Afrika and all over the place for decades now..
    - destruction of the US dream of live, destruction of US middle class, poor-rich-gap greater then ever
    - greater danger of degrading psychological US dollar value and real value worldwide -> will go to a third world status
    - raising consciousness of all world countries to acknowledge dollar is not valuable any more
    - strengthening worldwide trend to abolish any involvement with US dollar, & US politics,
    - strengthening of crytospace, bitcoins and alt coins
    - raising real estate costs worldwide as a means to protect wealth and avoid US currency -> housing bubble
    - more environmental disasters (fracking) to mitigate fallout from points mentioned above
    - enhanced internet surveillance of alternative media to stop awakening process of general public to avoid consequences for the ruling elite families that run your country. ->Bildeberger, Rothschild, ....
     
  21. ViperDesign macrumors 6502a

    ViperDesign

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    Utah
    #21
    There is a reason for that.

    Also we need China to buy over 300 billion of debt from us ASAP because of these corporate tax cuts. We will implode it's coming again because of these ridiculous tax cuts for corporate
     
  22. PracticalMac macrumors 68030

    PracticalMac

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    Houston, TX
    #22
    Recent stock values are a visual indicator of the turmoil in White House.
    --- Post Merged, Mar 28, 2018 ---
    Rising of prime rate indicates the economy is in excellent condition with strong growth predicted.

    IOW, it is a Good Thing (TM)
     
  23. NT1440 macrumors G5

    NT1440

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    #23
    While corporations continue their...4th? decade of record setting profits.....
     
  24. Zombie Acorn macrumors 65816

    Zombie Acorn

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    #24
    In general yes, but the chance of overcorrection is higher than if you just let it blow out the top, since the only thing the left is going to look at is raw points we should be taking it into consideration.
     
  25. bradl, Mar 28, 2018
    Last edited: Mar 28, 2018

    bradl macrumors 68040

    bradl

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    #25
    We saw how well trickle-down worked in the 80s and 2000s (IIRC, you didn't see the 80s as you were barely born then).

    Oh wait, it didn't.

    Fool us once, shame on you (recessions, scandal, bailouts). Fool us twice, shame on us (recessions, scandals, bailouts). Try to fool us a third time, never again.

    BL.
     

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