The market & WallStreet sizzle despite trade war with China - simply amazing.
We make gains as Trump re-aligns the world trade order from its ridiculously unfair treatment of the US.
He is a boor, but what results!
Replies to: The market & WallStreet sizzle despite trade war with China - simply amazing.
The DJIA was higher 16 months ago, and was higher the entire month of April.
Some of the indicators in the economy are doing well. But the market is not sizzling, and the deficit is a mess.
That is all. Carry on.
I agree that our biggest problem is the cancerous deficit
And not one single politician dares to suggest restructuring the retirement entitlements that are about to explode as boomers cash in.
Perhaps because it can’t be paid off anyways.
The deficit is a long term problem, but after Obamacare passed, that number became unworkable.
We would need to eliminate every entitlement program at this point, and still tighten our belts for decades.
I don’t see any politician doing this.
The deficit became unworkable because of Obamacare?
Is there even a single educated economist who has made this conclusion?
What is this "de-fi-cit" of which you speak?
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No, not a boor.
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Imagine the heights if Trump defeats Dems and fixes immigration and reigns in Obamacare prices
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No matter what, it will be a Repblican senate in 2021. At least 4 more years of divided government
means no crazy Democratic policies or judges.
My response to you instead of the dopes below is the corporate tax cut in line with the rest of the.
world was the difference. Most of the uniformed will say it only allowed companies to buy back shares and enrich themselves. But also significant capital was repatriated. That capital infusion improved balance sheets and has helped corporations expand and weather losses associated with the tariffs. We are a command economy whereas China is an export economy. GDP per person in the US is $62k per person. In China it’s under $9,000. Our economy is humming and when China raises the red flag we will have them on an even playing field. Trump is the only President I could imagine on either side of the isle that would dare play chicken with China.
Yes. That was huge. Trickle Down works yet again, but the Left will not accept the truth.
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Creating jobs is not trickle down... that’s the welfare state!
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Works again? It's never worked.
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How is the deficit looking these days?
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Well Obama doubled it from 10 to 20 trillion with low interest rates. Trump has had it go up 10% in
a period of rising interest rates but also rising blue collar wages and of course lower unemployment with greater productivity.
Deficits only matter when the other guys are in charge
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Yep. Funny to see you guys worried about it now.
I would consider the Trump presidency to be a total success if he were able to convince Dems that deficit spending is bad, and the Constitution is a limiting document. Unfortunately, I have no confidence that this will happen. I think golfernot will be fine with deficits and a living breathing Constitution once a Dem is elected.
Deficit only mattered when Obama was Prez. Tea Party=Joke.
Led by Bozo Jordan and Flippo Meadows.
Deficit should always matter. It matters to me. Just not to you, Dems, GOP.
Tea Party was defeated by mainstream GOP. It no longer exists. If you don't like the deficit, you should have supported the Tea Party. You didn't, because you don't actually care about the deficit. You just pretend to care about it now.
If there were a political party that cared about debt, it would be a voting issue for me. Not for you, though. You are just faking caring about it because you are only a partisan (party first) and you are not in power now.
It's sizzling until it ain't.
The couple of weeks that wipe out a year of gains.
Your guy doesn't have a clue.
Even in the face of a trade war with China. Obviously, Trump is the man for the job.
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Yes, it is so obvious.
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Companies have been pulling work back from China to the US in preparation for the tariffs.
I was a little surprised by the market reaction, especially when you realize that China is far more susceptible to tariff issues than we are, and they didn't even put as many tariffs on us. The tariff thing just needs to play out. It's been a long time coming.
Which companies?
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Trump is China’s worst nightmare. A man who knows how to deal from strength.
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Trump is the Planet's worst nightmare.
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But we only have 11 years and 8 months left anyways, so what does it matter to you?
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Funny. Did your kids laugh?
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Xi miscalculated, and pulled a typical move: make changes at the last minute.
Can you imagine if he made changes at the last minute with Obama or Kerry? They would bend over backwards trying to accommodate him, like they did Iran. Trump told him to take a hike. Xi will negotiate with more respect next time.
From the NY Times:
"BEIJING — China’s leader, Xi Jinping, seemed confident three weeks ago that a yearlong trade war with the United States could soon subside, handing him a potent political victory.
He even made a speech saying China would protect intellectual property, encourage foreign investment, and buy more goods and services from abroad — all changes the United States had been demanding as the countries tried to negotiate a deal.
But just a week after that speech, Chinese negotiators sent the Americans a substantially rewritten draft agreement, prompting President Trump to accuse Beijing of reneging on terms that had been settled.
...
Having apparently made that decision, it is clear that Mr. Xi misjudged Mr. Trump’s eagerness for a deal and how far he could push the American negotiators, according to more than a dozen people, including current and former officials, researchers, lawyers, and trade experts familiar with the deal and how it fell apart.
Link: NY Times: How Xi’s Last-Minute Switch on U.S.-China Trade Deal Upended It
Yes.
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Partisans take full credit for good times, and deflect in bad times
The economy is bigger than Trump. It was growing under Obama, but I’m sure you thought that was coincidental.
The president affects the economy on the margins. And before you say i am being partisan, I’ve made this (obvious) point for years. 2008 wasn’t Bush’s fault. The recovery wasn’t totally Obama.
And there is something called the business cycle that no one has yet figured out how to beat. What goes up generally comes down.
Lol. Yeah, it’s all just cycles. Tell that to China right now.
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Do they predict market crashes when the other side wins an election?
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