Welcome to the Hardcore Husky Forums. Folks who are well-known in Cyberland and not that dumb.
The Trump Bump
AZDuck
Member Posts: 15,381
in Tug Tavern
Looks like I'm right and Sleddoog is wrong (again).
Shocking, I know.
And the thing is, I'm not happy about economic bad news. But the acceleration in growth in the economy since January had been based on a belief that the Trump Administration would enact changes which would be good for companies' bottom lines.
To date, no structural change has been enacted by the Administration. We've been coasting on market confidence. Which was shaken this week, and that was reflected in equity performance.
Next week, who knows? After all-
Shocking, I know.
Several business leaders have since resigned from his advisory councils and a White House official said plans for a council on infrastructure had been dropped.http://fortune.com/2017/08/18/world-stocks-fall-trump-agenda/
These developments have dashed hopes for tax cuts and infrastructure spending, Trump campaign promises that fueled much of this year's gains in world stocks , emerging markets and commodities.
"Confidence that Trump's economic agenda will be implemented has waned in recent months. We did not emphasize Trump's declining support as a market factor (so far) because his base held. There are signs of it cracking," Mark Chandler at Brown Brothers Harriman told clients.
And the thing is, I'm not happy about economic bad news. But the acceleration in growth in the economy since January had been based on a belief that the Trump Administration would enact changes which would be good for companies' bottom lines.
To date, no structural change has been enacted by the Administration. We've been coasting on market confidence. Which was shaken this week, and that was reflected in equity performance.
Next week, who knows? After all-
Equities worldwide are still on track to end the week in the black, as fears have ebbed that the standoff between the U.S. and North Korea will lead to war.
Tagged:
Comments
And the thing is, I'm not happy about economic bad news. But the acceleration in growth in the economy since January had been based on a belief that the Trump Administration would enact changes which would be good for companies' bottom lines.
To date, no structural change has been enacted by the Administration. We've been coasting on market confidence. Which was shaken this week, and that was reflected in equity performance.
Next week, who knows? After all- You just want Trump to fail so Sled can be wrong.
LEARN HOW TO USE QUOTES!! HAHAHAHA!!
The stock markets will correct as they are due, but it doesn't change the fact that underlying fundamentals are improving.
- Larry Kudlow, 2006
"The point of the story is even if Wall Street takes $200-300 billion in mortgage losses, as a result of loan markdowns, profitability is more than adequate to stem the tide and hold us.There ain’t no recession."
- Larry Kudlow, 2007
http://www.nationalreview.com/kudlows-money-politics/2449/kudlow-101-there-aint-no-recession-larry-kudlow
Market fundamentals are everything, sorry. Confidence will only get you so far.
Goops love recessions.
https://www.frbatlanta.org/cqer/research/gdpnow.aspx
The only substance I've seen on this topic is @Dude61 (shocking, I know) who mentioned a lessening in regulations by the Trump Administration. I'll concede that.
Other than that, I haven't seen any direct action by the Administration to support economic growth beyond the exuberance of the markets that believe that he is going to pass substantial tax cuts. Many corporate interests are actually quite skeptical of Trump's determination to renegotiate trade deals, as many aspects of those deals have been quite good for corporate America.
As of now, unfulfilled promise, some reduction in regulation, and strong (in part inherited) economic fundamentals.
And the thing is, I'm not happy about economic bad news. But the acceleration in growth in the economy since January had been based on a belief that the Trump Administration would enact changes which would be good for companies' bottom lines.
To date, no structural change has been enacted by the Administration. We've been coasting on market confidence. Which was shaken this week, and that was reflected in equity performance.
Next week, who knows? After all- So you're saying fake news and the Democrat (communist) resistance, paid leakers and their paid riot squad has effected the market?
Imagine that!
Freshwater solutions that rely on the supply side to work never have.
But no, I don't have a problem with getting rid of needless and wasteful regulation.