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Economics Discuss The Dow just hit an all-time high, as the GOP tax plan fuels economic optimism at the Political Forums; It's amazing what happens when ya get an intelligent businessman in charge of the economy. https://www.theblaze.com/news/2018/0...nomic-optimism The Dow Jones industrial ...

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Old 01-17-2018, 09:36 PM
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Default The Dow just hit an all-time high, as the GOP tax plan fuels economic optimism

It's amazing what happens when ya get an intelligent businessman in charge of the economy.

https://www.theblaze.com/news/2018/0...nomic-optimism

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The Dow Jones industrial average saw its best one-day point gain since the day before President Donald Trump was elected, and closed at an all-time high Wednesday as the stock market continues to reflect economic optimism in the Trump era, USA Today reports.

The Dow rose 322.79 points (1.3%), the best one-day gain in 14 months.

It closed at 26,115.65, the first time the Dow has broken the 26,000 mark in its 121-year history.

Just 13 days ago, the Dow rose above 25,000, which makes this the fastest 1,000-point climb ever.

What’s causing the rise?
The new GOP tax law may be contributing heavily to the sharp rise.

Wall Street analysts have been boosting 2018 earnings forecasts for U.S. companies at a very fast pace since Trump signed the tax bill into law. Those projections are boosting the stock market.
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Old 01-18-2018, 07:14 AM
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Default Re: The Dow just hit an all-time high, as the GOP tax plan fuels economic optimism

I know that the last time I checked, my 401K has gained over 25% in value since April 1st of last year. I've never seen anything like that. And I have most of my money in some very conservatives funds.
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Old 01-18-2018, 08:25 AM
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Default Re: The Dow just hit an all-time high, as the GOP tax plan fuels economic optimism

Odd that for eight years of civil unrest, a world on fire with hellish terrorism and nations collapsing, intractably slow economic growth in America, we were told how good things were or were going to be.

And now after one year of stunningly good economic news for America, and the world, we are told how bad things are here with the new President.

Seriously, does the media believe just because we almost put Hillary in the White House, that we are that gullible? It's no longer about "Fake News" anymore. it is about a corrupted media in league with a corrupted political class. Neither of which can be trusted to protect and promote the will of the people.
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Old 01-18-2018, 10:09 AM
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Default Re: The Dow just hit an all-time high, as the GOP tax plan fuels economic optimism

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Seriously, does the media believe just because we almost put Hillary in the White House, that we are that gullible? It's no longer about "Fake News" anymore. it is about a corrupted media in league with a corrupted political class. Neither of which can be trusted to protect and promote the will of the people.
To be fair, the media has more important things to cover than our booming economy; like whether or not Trump is 6'2" or 6'3", or Sanjay Gupta claiming he knows Trump has heart disease using his psychic powers.
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Old 01-18-2018, 11:08 AM
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Default Re: The Dow just hit an all-time high, as the GOP tax plan fuels economic optimism

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To be fair, the media has more important things to cover than our booming economy; like whether or not Trump is 6'2" or 6'3", or Sanjay Gupta claiming he knows Trump has heart disease using his psychic powers.
Pay no mind to the man behind the curtain.
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Old 01-18-2018, 12:44 PM
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Default Re: The Dow just hit an all-time high, as the GOP tax plan fuels economic optimism

Amazing how Trump was able to get the economy going in the right direction, even seven years before he became president!



But it is funny how for years, when Obama was president and the economy was growing, jobs were growing, and the stock market boomed, reached many all-time highs, conservatives either downplayed or spun or flat out insisted nothing good was happening. Today tho, nothing but Trump brand miracles in spite of the fact that job growth slowed compared to last year, and the trajectory of economic growth hasn't changed.
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Old 01-18-2018, 03:00 PM
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Default Re: The Dow just hit an all-time high, as the GOP tax plan fuels economic optimism

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Amazing how Trump was able to get the economy going in the right direction, even seven years before he became president!



But it is funny how for years, when Obama was president and the economy was growing, jobs were growing, and the stock market boomed, reached many all-time highs, conservatives either downplayed or spun or flat out insisted nothing good was happening. Today tho, nothing but Trump brand miracles in spite of the fact that job growth slowed compared to last year, and the trajectory of economic growth hasn't changed.
For the last 8 years, the economy was held to under 2% growth. The rise in the stock market was due to the Fed pumping money into the market in what was called "Quantitative Easing".

Now the market is growing, not because of the Feds pumping in money, but on investors optimism due to the Trump admin cutting regulations and lowering corporate tax rates.

If Obama had done such a good job, why was the economy held in check until the moment he left office? You can spin it anyway you like, but the fact remains that Obama's policies and approach to the economy, basically held the economy in check for 8 years. Obama tried to tell us that is the new normal and that manufacturing jobs were gone and not coming back. He has been proven wrong, all in under a year.
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Old 01-18-2018, 04:18 PM
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Default Re: The Dow just hit an all-time high, as the GOP tax plan fuels economic optimism

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Originally Posted by WallyWager View Post
Amazing how Trump was able to get the economy going in the right direction, even seven years before he became president!



But it is funny how for years, when Obama was president and the economy was growing, jobs were growing, and the stock market boomed, reached many all-time highs, conservatives either downplayed or spun or flat out insisted nothing good was happening. Today tho, nothing but Trump brand miracles in spite of the fact that job growth slowed compared to last year, and the trajectory of economic growth hasn't changed.
I would love to see your explanation attempt of that mathematic impossibility.

The Trump effect on the economy began in late 2016 after he won the primary. The gears of change were engaged when he won the election.

Perhaps Paul Krugman can explain it to you. Despite having been roven 180 degrees wrong,,,,him you would believe.
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Old 01-18-2018, 08:26 PM
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Default Re: The Dow just hit an all-time high, as the GOP tax plan fuels economic optimism

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Originally Posted by WallyWager View Post
Amazing how Trump was able to get the economy going in the right direction, even seven years before he became president!



But it is funny how for years, when Obama was president and the economy was growing, jobs were growing, and the stock market boomed, reached many all-time highs, conservatives either downplayed or spun or flat out insisted nothing good was happening. Today tho, nothing but Trump brand miracles in spite of the fact that job growth slowed compared to last year, and the trajectory of economic growth hasn't changed.
I'm not an economist but by nature and profession I am an analyst.
In a way, President Obama was handed the perfect "storm" economically when he took office. Things were so bad (economically) that it would be almost impossible for him to make them worse. The economy IS cyclical, it goes up and it goes down. President Obama inherited a severe down cycle at the bottom and enjoyed a slow up cycle during his presidency. President Trump inherited an up cycle economy. So far, the cycle continues the upward trend. His policies are intended to create more up cycle. So far, they have. But since economical conditions are cyclical, eventually the economy will retreat in some manner. It's just a matter of how much and how far.
And, a President only has limited control over the economy, Congress actually has more control.
Look at whom controlled congress during economic success and economic failure if you want to know the answers.
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Old 01-18-2018, 10:57 PM
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Default Re: The Dow just hit an all-time high, as the GOP tax plan fuels economic optimism

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Originally Posted by WallyWager View Post
But it is funny how for years, when Obama was president and the economy was growing,
Obama didn't have ONE YEAR where the GDP was above 3% (First president to achieve that lackluster status)...

That's the epitome of "Stagnant", and yes, I used a capital T"...
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