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CU Medallion [73569]
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21,290.19
Jun 9, 2017, 11:35 AM
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Thanks Comey!
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Orange Blooded [4367]
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I'm a moderate, so I dont have a strong opinion on whether a
Jun 9, 2017, 11:44 AM
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Democratic or Republican president is that good or bad for the economy...
But does anyone seriously think that Trump has had any impact on the stock market at this point? He hasn't gotten any of his economy specific agenda actually fleshed out.... and Dems could easily argue that anything could be a lingering effect of Obama's last years.
Unless Trump declares war on Canada tomorrow, I fail to see how he has a huge effect on the economy thus far, good or bad.
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CU Medallion [73569]
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his expected policies are what drives the huge surge
Jun 9, 2017, 11:50 AM
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in the market since the day after he got elected. The market is based on speculation like tax cuts, healthcare reform, etc....
So yes, he's had a huge part in the market surge since his election.
The market never surges after policies are in place, it's before.
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All-In [34582]
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^^^whathesaid^^^***
Jun 9, 2017, 11:52 AM
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CU Medallion [73569]
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literally on 11/19, the market has been incredible
Jun 9, 2017, 11:53 AM
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i somehow doubt if Hillary had been elected, it'd be the same.
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Oculus Spirit [83116]
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All-TigerNet [14233]
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All-In [34582]
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Re: I'm a moderate, so I dont have a strong opinion on whether a
Jun 9, 2017, 11:52 AM
[ in reply to I'm a moderate, so I dont have a strong opinion on whether a ] |
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The effect is with regulations. Corporate world looks at it that way. Obama stifled industry with regulations. Industry thinks Trump will reduce or nullify these regulations. So thats why you have seen the markets go up and moderate job growth so far. Right or wrong, that is what's going on with the economy as of now.
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CU Medallion [73569]
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ah yes, regulations too, thanks***
Jun 9, 2017, 11:54 AM
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Oculus Spirit [93668]
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Trump just boast of reducing the cost of regulation to 12%..
Jun 9, 2017, 12:11 PM
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of the cost to comply with previous regulations.
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CU Medallion [56069]
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He's also famously full of ####.
Jun 9, 2017, 12:28 PM
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I wish people would be more specific when they talk about regulations. According to a libertarian think tank, there were 3,378 final rules and regulations among the pages of the Federal Register in 2015. It would be helpful to know which of those are unnecessary. For example, I think automobile crash test regulations are pretty good and whales have returned to New York City thanks to the Clean Air Act and New York’s Environmental Conservation Law.
http://www.popsci.com/new-york-city-whales
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Oculus Spirit [93668]
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He's extremely limited on what he...
Jun 9, 2017, 12:30 PM
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says. I think his limitation is 140 characters. No wait, maybe that's his attention span.
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CU Medallion [56069]
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The DJIA is only one metric of the strempf of the economy.
Jun 9, 2017, 12:09 PM
[ in reply to I'm a moderate, so I dont have a strong opinion on whether a ] |
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GDP in Q1 grew 0.7% and the forecast for Q2 is 3%.
Unemployment rate is also very low, although the workforce participation rate has dropped from a high around 66% in 2007 to about 63% today.
Politics has an effect on the economy, but it doesn't typically have the impact that people pretend it does.
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Oculus Spirit [93668]
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If that 3% holds out a while I'll be even with spooneye.
Jun 9, 2017, 12:13 PM
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I'm about to categorizes him with Balm. lutz, somebody you don't bet with.
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CU Medallion [73569]
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CU Medallion [56069]
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That theory isn't playing out well in Kansas.***
Jun 9, 2017, 12:22 PM
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Oculus Spirit [93668]
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Is it because of federal taxes?***
Jun 9, 2017, 12:24 PM
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CU Medallion [56069]
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No I think it's because the theory is BS.***
Jun 9, 2017, 12:29 PM
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Oculus Spirit [93668]
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It's never been carried out past 9 or 10 years.
Jun 9, 2017, 12:32 PM
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Either somebody raises taxes or we get involved in a military conflict which cost a fortune.
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CU Medallion [56069]
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But why would it take that long to kick in?
Jun 9, 2017, 12:44 PM
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And there are two different things to look at when it comes to tax cuts: GDP and tax revenue. Kansas is clearly demonstrating that tax revenue isn't going up thanks to tax cuts and their state domestic product isn't exactly skyrocketing.
Does anyone know what Vice President Bush called this in 1980? Anyone? Something-d-o-o economics. 'Voodoo' economics.
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Hall of Famer [21614]
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