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Valued Social Butterfly
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Re: OK. I concede...Trump is responsible for the performance of the stock market

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 FYI:  On Wednesday, Donald said that the Wall Street sell-off (sending stock prices down) was all just a big mistake, because he seems be either really stupid or just believes whatever Foxbots tell him.  

        He missed the obvious:   Muchkin has to raise the debt limit by nearly 1Trillion.   That doesn't happen by magic, it is because that will be financed by selling T-bonds and the FED just reset and raised rates, which makes borrowing money more expensive.

 

         As Bloomberg analyst stated, the Debt financing will consume a full 5% of GDP - and that has never happened in recent history.     

 

      So Donald can be really stupid or ignore what his admin is doing - ignoring the cost of his magical see through wall or any infrastructure legislation.     

PRO-LIFE is Affordable Healthcare for ALL .
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Conversationalist
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Re: OK. I concede...Trump is responsible for the performance of the stock market

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ok I recall Obama makingthe market go and continued on so Trunmp can claim it was his, but now it had dropped, but Trump is not claiming this, but deffintely was

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Valued Social Butterfly
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Re: OK. I concede...Trump is responsible for the performance of the stock market

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   For those who seem to not comprehend how Wall Street interprets what is going on in DC - it is about the deficit and how that will affect bond prices / interest rates.   

 

 

The ballooning federal budget deficit under President Donald Trump will force the U.S. to borrow more than $1 trillion this year and risks worsening the frenzy behind the global sell-off in stock markets.

 
 

The budget deal Senate leaders reached late Wednesday would add nearly $300 billion in government spending over two years and push the deficit higher. Even beforehand, Bank of America Corp. senior U.S. economist Joseph Song warned in a report that the federal deficit was on track to exceed 5 percent of gross domestic product by 2019, by far the largest for the economy while at full employment since World War II.

 
 

That is “exactly the opposite of what the economic textbooks say lawmakers should be doing,” Mark Zandi, chief economist of Moody’s Analytics Inc., said in an email. “Deficit financed tax cuts and spending increases in a full-employment economy will result in more Fed tightening and higher interest rates.”    ( per Bloomberg).  

 

That explains some of the whiplash that has been happening to stock prices in the past few days.    Stock prices are down nearly 500 points today.   

 

Expect ignoblers to say "capitalism / free market" as if that explains everything but in fact says nothing.    

 

     

 

PRO-LIFE is Affordable Healthcare for ALL .
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Treasured Social Butterfly
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OK. I concede...Trump is responsible for the performance of the stock market

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It took a year for Trump's policies, or lack thereof, to begin reversing the years of market value increases we enjoyed under Obama but it looks like the Obama recovery efforts have now been cancelled and it is Trump's market.  

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