there's nothing really magical about adding massive tax cuts to an already soaring economy, or about keeping low FED interest rates and a high government deficit during a boom. of course moves like that will extend a bull market. not saying it was necessarily wrong or bad to do that, but let's not pretend like Trump was some economic genius when the majority of what he did was pumping additional money into the economy.

the reality is that presidents dont have that much influence on the economy either way. there is not really an "obama economy" or a "trump economy". presidents, under usual circumstances, are responsible for maybe 10% of the long-term market movement.
yes, trump deserves some credit for extending the economic boom, but as I explained above, it came with substantial long-term risk and liabilities which shouldnt go unmentioned.

This post was edited by Black XistenZ on Jul 12 2019 01:02pm

based President Trump pumps all markets

The same way he pumps 13 year old girls.

the market is incredibly over extended. but considering that massive crashes were predicted if Trump won, (see Excellence's copy/pasta for like 14 sources) even a capped and extended market is a win. we run into the problem of binary here, bull vs bear. it's neither, but its certainly not bear and at record highs.

tariffs and depleting trade deals should signal a downturn, but it hasn't. honestly if he had an actual trade deal and removed the tariffs we'd see more upward movement. its only capped because trump has capped it with his trade policies.

he even promised and never delivered on largescale deregulation, his best attempt thus far seems to be tariffing chinese steel and lying about air quality. he's not done much on deregulation to cause a market buy.

also corporate buybacks are relavent, but so is exposure to the market. from robinhood to youtube investment education people are more able to buy into the market. apps like Acorns help too. also Total stock market index funds being bought like candy cause more unilateral growth rather than top 500 and penny stock investment. of course none of this at all is due to trump. this is relevant because the tax cut corp buyback narrative that the stock market is inexpressible to the common man dies more and more every year.

Fed policy seems fairly good, trump whined a few times but never did anything more than a tweet about it.

and above it all we have investor expectation. the promise of deregulation, the facade of a massive tax break, promises of fed movement. people keep buying, they keep believing the bull market is here to stay. something about Trump personally inspires confidence to market actors. no one is buying in spite of trump, many are buying because of trump.




generally read above, most applies to your post too. trump hasnt done anything magical, there's something about him that is magic. the "business potus" aura if you will. he's not done much but has a great economy to show for it, and has tried to fuck it up and still here it is.

This post was edited by thesnipa on Jul 12 2019 01:15pm

@bold - yeah, people didn't think he and the GOP would be stupid enough to abandon all fiscal policy sense and encourage the Fed to abandon all monetary policy sense after his election. What he and they did was create a temporary flatline which is going to result in a catastrophic failure just about the time a Democrat takes office. Had he been sensible, the market would have gone down reasonably but not crashed.


Edit: It's a pride thing, too. Trump would have been trolled by "the left" and the center right neolib media conglomerates for a declining market. Fearing that, this is what we got. Pride comes before a fall.

This post was edited by inkanddagger on Jul 12 2019 01:21pm

the fed raised rates multiple times after his election after keeping rates low in the prior administration to help the recovery along. that is not “abandoning sense” even if Trump himself says it


you have some odd thoughts running through your mind again


this. consumer sentiment keeps on going even despite Trump’s sometimes stunts. Trump inspires consumer confidence for whatever reason

This post was edited by excellence on Jul 12 2019 01:29pm

nah. it will crash, but it wouldn't have "gone down reasonably" regardless. it was always going to crash, its a massive bubble. and has been since well before he took office. he could have done some things to deflate the bubble a bit, but he cant be blamed for the crash just because he didn't prevent it. the crash would happen even if it was heftily deflated.

especially in an era of algorithmic selloffs. once it trends down it will fall out, if HRC was potus it would have done the same thing from a lower high. she inspired zero confidence in buyers even with a frankly icky relationship with wall street and bankers. she wasn't going to address the housing, autoloan, or college loan bubbles. she wasn't going to do anything about corporate buyback programs. she was a stooge. trumps a stooge too, but buyers like him.

we wouldn’t be at 27k djia, 3k s&p, and 12k btc with clinton in charge. far below it. Probably a tax increase too. Oh also probably be actually fighting Iran and China.

but we’d be ‘woke’ and colin capernick and the women’s soccer team would be White House bound - that matters more to some *LAUGH OUT LOUD*

America didn’t want the personification of ‘nag of an ex-wife with zero foresight’ in charge, both women and men said nty

This post was edited by excellence on Jul 12 2019 03:05pm

https://www.cnn.com/2019/07/12/politics/mnuchin-congress-letter-debt-crisis/index.html

US government is running out of money faster than expected, Mnuchin warns





Who would have thought that a cabinet based on nepotism sucks? Lol.

I love bold. Trump is losing 4d checkers.

Almost 2 trillion of our hard earned tax dollars were stolen by Republicans and given to their rich buddies to inflate the stock market for a few years. What an expensive People of Walmart orgy this presidency has turned out to be.