Trump and economy

[createdtoworship]

http://knowledge.wharton.upenn.edu/article/u-s-stock-market-headed-higher-crash/

I read most of it, I agree with this quote: “I have been surprised that the market hasn’t had much of a correction since the election, and has shrugged off most things that could normally cause a correction.”–David Erickson

we are all suprised, So this is why trump must be doing something the market likes.

 

[createdtoworship]

Mustn't have been that big a deal, the market would have gone down if it was.

...or does that standard not apply now?

like I said, the market cares about the here and now. Deficit is not being paid off anytime soon, so that is not reflected in the markets.

 

[Desk trauma]

like I said, the market cares about the here and now.

So, Obama did a good job because the market went up? Right?

 

[Maren]

obama printed money, he didn't fix it. In fact in our deficit. 20,000,000,000,000, obama added 40% of that figure when he was president. That does not include the deficit added in trumps first year.

this figure below finds out that obama added that amount, but then bush added 5 trillion, which is wrong. it's less, more like three. And it also forgets to add the first year of the trump presidency to the obama debt. So it's more like 800 billion more, so it's more like 43% of the total deficit was added in the obama administration. Nearly half of the total deficit added in obama's 8 years. It's sobering. You call it a 235% gain if you want in the stocks, but this is why the dollar has rallied since trump took office.

source:

(which I proved wrong a few times):
Which President Added Most to the U.S. Debt?

this one shows obama's debt was up 80% over the previous debt limit:



Read more at: Obama’s Pretty Words Cannot Beautify His Ugly Economy

So why is it that the economy is still improving, wouldn't it still be from Obama printing money? After all, we are still operating under spending authorized under Obama, at similar rates as for the past 6 years (since the economy recovered). If you are going to be consistent, either the rise in the stock market is still from Obama "printing money" or you are wrong about Obama's fixing the economy -- either way, what you are seeing now is still based on Obama.

Also, if you are correct, then the US economy has really only had a few years, in the last 3 decades or so, of actual improvements. While the dollar amount isn't as great, Pres. Bush raised the debt by 101% -- and that is still nothing compared to Reagan, who raised it 186%.

It is also worth noting that much of the increased spending is not the government paying that much more out, rather it has just as much to do with the increasing interest payments being made each year on the debt. Of that 8 billion that the debt increased under Obama, nearly half of it was based on interest payments -- not that much less than the debt went up under Bush.

 

[OldWiseGuy]

Debt, Shmedt; the economy was starved for cash (thanks mainly to the trade deficit). Truth is we need to print even more debt now. We are still hemorrhaging $5-6Billion each year into the global economy (Russia is particularly fond of our $100 bills, as are the international drug dealers). Latino immigrant workers send $Billions in cash back home to their families as well. CRANK UP THE PRESSES!

 

[Mountainmanbob]

Less regulations and thoughts of tax cuts = hope.

The old hope and change went sideways.

Trump is trying to straighten things out --he was given a mess.

M-Bob

 

[Hank77]

Less regulations and thoughts of tax cuts

This could be one reason.

 

[essentialsaltes]

if it was a bad presidential pick do you think it would continue? After all bad news certainly makes stocks tumble, remember 2009 housing crisis.

Ahem. "The United States (U.S.) subprime mortgage crisis was a nationwide banking emergency, occurring between 2007-2010, which contributed to the U.S. recession of December 2007 – June 2009"

 

[essentialsaltes]

Corporations are expecting rollbacks of regulations (which they've gotten) and decreases in corporate taxes (which they haven't yet). Both will increase profits, which will boost stock prices. Wall Street likes what it sees.

But not as much is being done for Main Street. Despite his promises of a job in every pot, and exaggerated declarations of success, the reality has been mediocre.

If you're one of the 45% of Americans who doesn't own stock, gains in the stock market don't mean anything to you. The only change you see is a dirtier environment and a cut in your food stamps to pay for the corporate giveaways.

 

[createdtoworship]

So why is it that the economy is still improving, wouldn't it still be from Obama printing money? After all, we are still operating under spending authorized under Obama, at similar rates as for the past 6 years (since the economy recovered). If you are going to be consistent, either the rise in the stock market is still from Obama "printing money" or you are wrong about Obama's fixing the economy -- either way, what you are seeing now is still based on Obama.

Also, if you are correct, then the US economy has really only had a few years, in the last 3 decades or so, of actual improvements. While the dollar amount isn't as great, Pres. Bush raised the debt by 101% -- and that is still nothing compared to Reagan, who raised it 186%.

It is also worth noting that much of the increased spending is not the government paying that much more out, rather it has just as much to do with the increasing interest payments being made each year on the debt. Of that 8 billion that the debt increased under Obama, nearly half of it was based on interest payments -- not that much less than the debt went up under Bush.

accept markets are very volitile during elections, many traders only trade the volitile times. But this market election allowed the stocks to continue to rally, even when they were already overbought. Which is quite miraculous. So why did trumps economics, spike the market so much?

 

[createdtoworship]

Corporations are expecting rollbacks of regulations (which they've gotten) and decreases in corporate taxes (which they haven't yet). Both will increase profits, which will boost stock prices. Wall Street likes what it sees.

But not as much is being done for Main Street. Despite his promises of a job in every pot, and exaggerated declarations of success, the reality has been mediocre.

If you're one of the 45% of Americans who doesn't own stock, gains in the stock market don't mean anything to you. The only change you see is a dirtier environment and a cut in your food stamps to pay for the corporate giveaways.

finally someone who understands, thanks for some what of an on topic reply. I agree.

 

[createdtoworship]

<staff edit>

Ahem. "The United States (U.S.) subprime mortgage crisis

GDP is at 2.6%, double from 1st quarter, GDP was down in obama administration, so this is definitely not a carry over.

 

[essentialsaltes]

GDP was down in obama administration.

If by down, you mean up every full year of his presidency, then you are correct.

 

[Maren]

accept markets are very volitile during elections, many traders only trade the volitile times. But this market election allowed the stocks to continue to rally, even when they were already overbought. Which is quite miraculous. So why did trumps economics, spike the market so much?

The stock market is reactionary short term, not typically over more than a few days -- save for events like the housing crisis or 9/11. You are also forgetting the market right after the election -- it went down initially, not up, on news of the Trump win. Yes, the market continued to rally while everyone thought Hillary would win. They had a few bad days after Trump won, then they went back up -- just as they had over the last few years. Again, the stock market isn't doing statistically any better than it did in any full year of the Obama presidency.

 

[Maren]

GDP is at 2.6%, double from 1st quarter, GDP was down in obama administration, so this is definitely not a carry over.

As essentialsaltes pointed out, the GDP went up every full year that Obama was president. This looks little different than when Obama was in office.

 

[variant]

As an investor you always have your doomsday prophets telling you to sell assets and put in gold. but truthfully market has been doing opposite ever since trump in office. Apparently investors like what they see in him.

The economy seems to be chugging along at it's usual 2% ish clip actually.

The stock market is pricing in policies that have yet to actually materialize, so what you are seeing is the power of optimism.

 

[variant]

GDP is at 2.6%, double from 1st quarter, GDP was down in obama administration, so this is definitely not a carry over.

Which policies have been in place long enough to move the GDP needle?

 

[createdtoworship]

If by down, you mean up every full year of his presidency, then you are correct.

november 4 of 2008 obama took office. That means that the entire fall in GDP was in his full term. So to say it was up every year is wrong, in fact two of those years was barely break even, if you average it.

 

[createdtoworship]

As essentialsaltes pointed out, the GDP went up every full year that Obama was president. This looks little different than when Obama was in office.

nope

 

[createdtoworship]

Which policies have been in place long enough to move the GDP needle?

everything trump stands for is good for GDP, from jobs forecast to unemployement, to stocks, the whole economy looks better under trump.

Under President Trump The US GDP Surpasses $19 Trillion For The First Time Ever