Quote:
Originally Posted by kane
I was being partially sarcastic, but let's be honest. After the first year of Obama's presidency, when we were recovering from the worst recession since the Depression, we had something like 70 months of continuous growth in the job market and the stock market went from around 6,000 to around 20,000. Trump came in and signed a bunch of executive orders that did do some things to spark more business. I won't deny that. I personally think his trade war is going to go poorly for us and the stock market has actually dropped about 2,000 points from where it was this time last year.
Yes, job numbers are great and for a year under Trump the stock market soared. Now it is unstable (like Trump himself), China seems to be doing just fine with the tariffs and the economy is slowing down.
Do you not think there was any residual carryover from Obama?
Also, let's wait to see how this all plays out before we crown Trump the economic master. Let's give him a few years (if he lasts that long) and see where things are. He was handed a strong, growing economy. Let's see what he does with it. IMO we will likely find out that Trump's policies are just like him, a lot of bluster and show that work well for a little while, but very little substance in the long run.
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Yes there was residual carryover from Obama if anyone says there was not then they full of shit. But at the same time the reason for the fed hikes is because of all those years at damn near nothing with low fed rates under Obama.
In regards to Chine Trump picked the right time with the tariffs war. Since this started China's stock market is down 30% and will continue to go do. I am not crowning Trump anything there are way to many factors to place blame or success on a man for our markets. Was i am concerned about is what the feds do in 2019. If they do not act foolishly we will beat china but about a month ago the feds did say they were worried about the global economy that scares me.