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- 21 April 2014
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yea alright, if you put it that way, what he signed does have affect interest rate.
I think you will find it does, as prices of imported goods rise and unemployment falls, inflation will rise. The Fed will want to apply a brake to slow the rate of growth, to stop the economy running away again.
https://www.businessinsider.com.au/how-the-fed-raises-interest-rates-2017-12?r=US&IR=T
Good points Junior.
I was in US in April for a few weeks and the place is booming.
Especially San Fran, they are calling it a gold rush at street level (tour operators). Black America are shopping, have jobs, real confidence.
You have Amazon which is building a village in Seattle. San Fran has the likes of Apple, Uber, Twitter etc. The “Tech” companies to going to be huge.
Amazon has a chain of supermarkets called Whole Food Markets where probably 30-40% of floor space is meals, pizza, curries, salad bars, roasts, coffee, beer.
Trump doing all this? Who knows
Anyone with basic experience following stock markets knows that whoever the President/leader/prime minister of the day is has little bearing on where the Index is at.
Again, sheer arrogance and outright rubbish from trump bragging that he is somehow responsible for record highs in US markets. Market was consistently hitting record highs under Obama before trump came into office.
Market is being driven higher by Tech giants who derive much of their growth outside of the US anyway.
Funnily enough though Junior, when Trump was running for office, the financial gurus were saying there would be a stock market crash if he was elected.Anyone with basic experience following stock markets knows that whoever the President/leader/prime minister of the day is has little bearing on where the Index is at.
Again, sheer arrogance and outright rubbish from trump bragging that he is somehow responsible for record highs in US markets. Market was consistently hitting record highs under Obama before trump came into office.
Market is being driven higher by Tech giants who derive much of their growth outside of the US anyway.
Funnily enough though Junior, when Trump was running for office, the financial gurus were saying there would be a stock market crash if he was elected.
He has a better record than Obama when it comes to Dow. Everyone knows it, but the small mobs of haters who can't retreat back from their unsubstantiated words just use drama to mask the truth.
https://www.macrotrends.net/2481/stock-market-performance-by-president
. So when you say everyone knows that, I presume you mean Trump supporters know that even if the facts tell otherwise.
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Funnily enough though Junior, when Trump was running for office, the financial gurus were saying there would be a stock market crash if he was elected.
Well the chart you posted certainly doesn't show that. In the same period that Trump was in office (the thick blue line), the chart is showing the Dow increased 34.8% under Obama and 34.6% under Trump. So when you say everyone knows that, I presume you mean Trump supporters know that even if the facts tell otherwise.
But even if one were to take the chart you posted and dig a bit deeper, you see that Obama is severely disadvantaged during that same length of time in office as he took over a Dow that was falling and had to turn it around, whereas when Trump took over the Dow was already rising. The first 6 months or so of Obama's first term in office was needed to turn the Down around and get it back to where it was when he took over. The following chart shows that clearly.
It isn't so much the Trump haters not acknowledging the Dow movement under Trump, but the Trump apologists claiming what Trump did is exceptional, when it clearly isn't and then treating the turnaround and long steady climb under Obama as for nought. Remember how Trump claimed all the good economic statistics under Obama were false and inflated by the respective government department, but was quick to claim the veracity of the same data when released after he entered office
View attachment 89427
I was reading a communication expert's analysis of Trump's communication skills. She was saying Trump uses the phrase "everybody knows this" (or similar) a lot. She said by "everybody knows this" Trump is generally referring to himself.
She also commended Trump's communication clarity, saying he can communicate with four year olds. Four year olds lol. Explains Trump's supporter base
Well the chart you posted certainly doesn't show that. In the same period that Trump was in office (the thick blue line), the chart is showing the Dow increased 34.8% under Obama and 34.6% under Trump. So when you say everyone knows that, I presume you mean Trump supporters know that even if the facts tell otherwise.
View attachment 89427
Yeah no, that's just trying to make a model fit a premeditated argument, you're not reading the charts correctly.
Obama came off a low base that had to correct itself upwards, at worst with with a prolonged dead cat bounce. All the indicators are solid, e.g. a 30% rise in the five weeks around last xmas, and there is not the pall of potential doom on the horizon that dogged Obama.
Why the preoccupation of trying to push everything up against the fence with Trump at the wicket? My bet is that your political party of choice in Oz gets all the plaudits from the hard work of the enemy, but none of the trash?
Well Yes. I am reading the charts correctly. Move your cursor over the end of the blue line that represents Trump's time in office (the 20 month mark) and read the figures shown. Obama 34.8 and Trump 34.6
This is YOUR chart that you used to falsely claim Trump has a better record than Obama when it comes to Dow. Or should I be following Trump's dictum. Don't believe what you see. Don't believe what you hear.
This is simply nonsense. My political opinions have not come into this. I just simply showed you the figures from the chart you posted and it showed your contention to be wrong.
If you are saying I am reading the chart incorrectly, please indicate from the chart:
% increase in Dow during the 20 month period that Trump was in office
% increase in Dow during the first 20 months Obama was in office.
So by your own admission Trump is at least as good as Obama? (34.6 vs 34.8?)
Its your statement that is in question. He has a better record than Obama when it comes to Dow. You were clearly wrong on that based on the chart you posted.
Performance of the DOW whilst in office is a near irrelevant measure, if trying to assess the success of a Government.
It doesn't take a great leader to approve a massive increase in Govn't spending (using borrowed money), or the commencement of a new QE program, or slashing company tax rates. These things can all buoy markets, but do not indicate quality leadership.
Furthermore there are many, many factors outside the Governments control which move markets. Interest rates and events happening outside the US, for example. A large proportion of DOW listed companies derive much of their profits outside of the US, in any case.
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