justin_o_guy2 wrote on 02/06/18 at 15:25:00:justin_o_guy2 wrote on 02/06/18 at 10:53:32:The bazillion plus dollars handed out during Obama years gave corporations a way to buy up stocks. They were doing better.
Trump shows up and makes policy decisions that cut regulations, promise to renegotiate trade deals, slash taxes, creating an influx of cash that corporations have been keeping offshore, setting the stage for a growth of industry and unemployment starts Down.
All the factors, including the stupid price to Earnings ratios, the KNOWN Fed reserve policy of raising interest rates when these events start happening set the stage for people taking profits. Then That activity drives prices down which sets off Automatic Sell orders that some people have set up.
And with the potential interest rate going up, we see money moving from stocks to bonds.
There's a lot more to the picture than stock market.
Watching it go through wild gyrations after being so pumped full of money that wasn't actually created through wealth creation. That money was toxic and the Price we will pay for the policies of those years could be mitigated by the Trump policies, but there will be a penalty.
That we have been spared obvious and painful inflation following such bad policy decisions is surprising.
I spent time on that. Could we not just pretend it's not THERE?
sure, I'll address some of that
1: "setting the stage for a growth of industry and unemployment starts Down."
industry has been growing for the last 7 years, unemployment HAS BEEN GOING DOWN for at least as long.
2: "That we have been spared obvious and painful inflation following such bad policy decisions is surprising."
Maybe that's because those "bad policy decisions" weren't as toxic and bad as you thought they were. After all, they were only done on the advice of those "in the know" the same people that want and praise Trump's Tax cut.
listen, we all know that the economy is very complicated, and that of course the President is really only a small small factor of what causes what. but if he's going to brag about it and own it like he has, then he gets to own it when it falls as well.