Welcome to the Hardcore Husky Forums. Folks who are well-known in Cyberland and not that dumb.
Q for the resident economists
We had the yugest tax cut ever and the most reduction in regulations ever. Why is the stock market at a net zero for 2018 then?
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Comments
Trade war.... So what should we do about the trade war? Who is the person behind that again?
Regarding interest rates...when was the last time we had a rise in interest rates? About a decade? Now think about how much debt businesses accrued during that time. With rising interest rates this debt creates valuation issues in the market. Obviously, you aren’t very smart, or you would know that. The market also priced in for three rate increases this year, not four. With the fear of a forth increase coming in December, it’s driving stocks down.
There is also the fear of a global slow down. At times like this it’s best to compare similar countries. Just so you know, Europe’s growth projection is a full percentage point lower than the US for the next couple quarters. When compared to Europe, the US is very strong. The strengthening dollar is another example of our economic strengthening compared to the rest of the developed world markets.
https://www.bloomberg.com/features/trump-tweets-market/
hth
This is some historical context on the fed funds rate.
Under Obama: stock market doesn't matter.. See labor participation.
Under Trump: see stock market!!!! Up bigly!!! What is labor participation?
Now: stock market doesn't matter.
I must have said all of those things in that thread where you said you favor illegal immigration because it gives you greater access to 10 year old Mexican boys that you can have sex with.
The shift is pronounced. In an interview with The Economist released over the weekend, Obama made a full-throated argument for his economic legacy that came without the hedges and caveats he has used in past years. "Let's look at the facts," Obama said. "Since I have come into office, there's almost no economic metric by which you couldn't say that the U.S. economy is better and that corporate bottom lines are better. None."
He went on to cite the administration's successes: "a record stock market," "record corporate profits," 52 straight months of consecutive job growth" and "an energy sector that's booming."