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Stocks are heading for the worst year since before Obama

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trump supporters claim trump policies—including sharp corporate tax cuts and deregulation—have stimulated the economy above obama-era levels. But if so, the stock market’s performance in 2018 sure hasn’t reflected that. It’s even more odd that stocks have slipped in 2018 because corporate profits have soared on account of the tax cuts

maga
 

Mycroft

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And yet, our economy is humming right along. Employment rates the best they've been in decades. Manufacturing way up. Wages increasing, Consumer confidence way up. Business confidence way up.

That's all part of Main Street. That's what Trump cares about.

Wall Street? shrug... Full of speculators and computer programs that are triggered by nonsense.

The stock market has NEVER, in the last 30 years or so, been an accurate indicator of the state of our economy.
 

chuckiechan

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Stocks go up and stocks go down. The excessive increase in interest rates hasn't helped.

The bottom line is American producers need to start exporting, and America consumers need to start paying off their debt.

BTW, Finch, A little birdie told me that this was "Obama's economy" and Trump just inherited his good work. Why is it suddenly now Trumps economy?

You crack me up!
 

Bucky

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And yet, our economy is humming right along. Employment rates the best they've been in decades. Manufacturing way up. Wages increasing, Consumer confidence way up. Business confidence way up.

That's all part of Main Street. That's what Trump cares about.

Wall Street? shrug... Full of speculators and computer programs that are triggered by nonsense.

The stock market has NEVER, in the last 30 years or so, been an accurate indicator of the state of our economy.

Wall Street does not equal main street.
 

Amelia

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Stocks go up and stocks go down. The excessive increase in interest rates hasn't helped.

The bottom line is American producers need to start exporting, and America consumers need to start paying off their debt.

BTW, Finch, A little birdie told me that this was "Obama's economy" and Trump just inherited his good work. Why is it suddenly now Trumps economy?

You crack me up!



It's Trump's economy because at the beginning of this year, Trump kicked it in the balls and has been jerking it around ever since.

The markets rose and fell this year on announcements about Trump's trade war.


Last year, it was a shared economy. Trump had contributed to the rise with his deregulation, and the Republicans contributed to the rise by stealing a trillion dollars from our grandchildren and handing it over to stockholders. But since then the sugar high of the tax cuts is gone and now the market is going up when investors get optimistic news about the destructive trade war ending and going down when investors realize Trump isn't done planting land mines in our path.

Kinda challenging to increase exports when Trump is driving up production costs with his tariffs on component parts and shutting off our markets by threatening our allies. Paying off debt gets a little dicey to when you have to go out and buy a washing machine and it's $200 more than it would have been last year because of Trump's tariffs. (Not to mention little things like farmers having to go deeper into debt to ride things out until they find someone new to buy their produce which they're having to pay extra to store or just let rot in the fields. Little things like that.)
 
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EnigmaO01

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Our orange nitwit commander in chief will blame it on someone else whether it be Obama or the Federal Reserver Board, and the Trump enablers here will make excuses. If this happened during Obama's tenure they would be screaming bloody murder from the roof tops. Gotta love partisan hypocrites.
 

Bucky

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It's Trump's economy because at the beginning of this year, Trump kicked it in the balls and has been jerking it around ever since.

The markets rose and fell this year on announcements about Trump's trade war.


Last year, it was a shared economy. Trump had contributed to the rise with his deregulation, and the Republicans contributed to the rise by stealing a trillion dollars from our grandchildren and handing it over to stockholders. But since then the sugar high of the tax cuts is gone and now the market is going up when investors get optimistic news about the destructive trade war ending and going down when investors realize Trump isn't done planting land mines in our path.

Kinda challenging to increase exports when Trump is driving up production costs with his tariffs on component parts and shutting off our markets by threatening our allies. Paying off debt gets a little dicey to when you have to go out and buy a washing machine and it's $200 more than it would have been last year because of Trump's tariffs. (Not to mention little things like farmers having to go deeper into debt to ride things out until they find someone new to buy their produce which they're having to pay extra to store or just let rot in the fields. Little things like that.)

He he he,

It's kind of funny you think you know what you are talking about. Amusing. Kind of like that kitten in your avatar that thinks it is a lion.
 

chuckiechan

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It's Trump's economy because at the beginning of this year, Trump kicked it in the balls and has been jerking it around ever since.

The markets rose and fell this year on announcements about Trump's trade war.


Last year, it was a shared economy. Trump had contributed to the rise with his deregulation, and the Republicans contributed to the rise by stealing a trillion dollars from our grandchildren and handing it over to stockholders. But since then the sugar high of the tax cuts is gone and now the market is going up when investors get optimistic news about the destructive trade war ending and going down when investors realize Trump isn't done planting land mines in our path.

Kinda challenging to increase exports when Trump is driving up production costs with his tariffs on component parts and shutting off our markets by threatening our allies. Paying off debt gets a little dicey to when you have to go out and buy a washing machine and it's $200 more than it would have been last year because of Trump's tariffs. (Not to mention little things like farmers having to go deeper into debt to ride things out until they find someone new to buy their produce which they're having to pay extra to store or just let rot in the fields. Little things like that.)

China has disrupted the cost calculation of the entire world by use of illegal cost accounting for the last 30 - 40 years. It's going to take some time and some pain to get the economy back on to realistic numbers.

There is something inherently disruptive to economies that ignore home companies spending millions on R & D only to have it stolen and then suddenly showing up in the market place at half price and then act as if nothing happened.

China has to change. We have let them think they are the kings of the castle and can rewrite the rules we must all live by.
 

EnigmaO01

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Stocks go up and stocks go down. The excessive increase in interest rates hasn't helped.

The bottom line is American producers need to start exporting, and America consumers need to start paying off their debt.

BTW, Finch, A little birdie told me that this was "Obama's economy" and Trump just inherited his good work. Why is it suddenly now Trumps economy?

You crack me up!

Why is it suddenly now Trumps? Because his trade policies are directly effecting the stock market in real time. Any nitwit can see that. Why can't you?
 

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It's Trump's economy because at the beginning of this year, Trump kicked it in the balls and has been jerking it around ever since.

The markets rose and fell this year on announcements about Trump's trade war.


Last year, it was a shared economy. Trump had contributed to the rise with his deregulation, and the Republicans contributed to the rise by stealing a trillion dollars from our grandchildren and handing it over to stockholders. But since then the sugar high of the tax cuts is gone and now the market is going up when investors get optimistic news about the destructive trade war ending and going down when investors realize Trump isn't done planting land mines in our path.

Kinda challenging to increase exports when Trump is driving up production costs with his tariffs on component parts and shutting off our markets by threatening our allies. Paying off debt gets a little dicey to when you have to go out and buy a washing machine and it's $200 more than it would have been last year because of Trump's tariffs. (Not to mention little things like farmers having to go deeper into debt to ride things out until they find someone new to buy their produce which they're having to pay extra to store or just let rot in the fields. Little things like that.)

And yet, the Institute for Supply Management had this to say:

Manufacturing expanded in November, as the PMI® registered 59.3 percent, an increase of 1.6 percentage points from the October reading of 57.7 percent. “This indicates growth in manufacturing for the 27th consecutive month, led by strong new orders, production output and continued slowing supplier delivery performance,” says Fiore. A reading above 50 percent indicates that the manufacturing economy is generally expanding; below 50 percent indicates that it is generally contracting.

https://www.instituteforsupplymanag.../newsreleasedetail.cfm?ItemNumber=31086&SSO=1

(btw, if you want to read a very good analysis of this ISM report, I suggest this: https://theconservativetreehouse.co...ng-survey-results-easily-exceed-expectations/ )

So...who would you rather be concerned about? The speculators and their algorithms? Or the people who actually make and sell stuff?

Which do you consider the true indicator of the health of our economy?
 

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China has disrupted the cost calculation of the entire world by use of illegal cost accounting for the last 30 - 40 years. It's going to take some time and some pain to get the economy back on to realistic numbers.

There is something inherently disruptive to economies that ignore home companies spending millions on R & D only to have it stolen and then suddenly showing up in the market place at half price and then act as if nothing happened.

China has to change. We have let them think they are the kings of the castle and can rewrite the rules we must all live by.

How much pain are we willing to take? A full blow recession or even a depression? The last time we did crap like this it was followed by a depression.

I know of farmers that will be going bankrupt soon if this crap continues into the next crop. One specifically told me they were lucky this time as they has a contract, but if the same thing is going on next year they will be out $50,000. Many farmers are living from crop to crop as it is.

And word is China is buying up ground in South America to make up for the shortfall of grains they aren't getting from the U.S. Looks like they are in for the long haul.

The Great Depression was marked by a severe outbreak of protectionist trade policies.


https://www.dartmouth.edu/~dirwin/Eichengreen-IrwinJEH.pdf
 
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Amelia

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How much pain are we willing to take? A full blow recession or even a depression? The last time we did crap like this it was followed by a depression.

I know of farmers the will be going bankrupt soon if this crap continues.

And word is China is buying up ground in South America to make up for the shortfall of grains they aren't getting from the U.S. Looks like they are in for the long run.


Trump is so outmatched by China. Even if Trump had the kind of dictatorial power he craves to be able to eff with us to his heart's content without worrying about any kind of voter backlash, he would still be outmatched by China.
 

Bucky

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Why is it suddenly now Trumps? Because his trade policies are directly effecting the stock market in real time. Any nitwit can see that. Why can't you?

Liberal mindset:

Good news about the economy: It was Obama

Bad news about the economy: It was Trump.
 

1751Texan

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And yet, our economy is humming right along. Employment rates the best they've been in decades. Manufacturing way up. Wages increasing, Consumer confidence way up. Business confidence way up.

That's all part of Main Street. That's what Trump cares about.

Wall Street? shrug... Full of speculators and computer programs that are triggered by nonsense.

The stock market has NEVER, in the last 30 years or so, been an accurate indicator of the state of our economy.

Except when Trump wants to claim he is manipulating the economy into record levels.


Trump is going to have very little to do with the recession coming in 2019 and the bubble we are sitting on now, but since he took credit for the economy before hand...now he will own the economy next year.
 

chuckiechan

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How much pain are we willing to take? A full blow recession or even a depression? The last time we did crap like this it was followed by a depression.

I know of farmers that will be going bankrupt soon if this crap continues into the next crop. One specifically told me they were lucky this time as they has a contract, but if the same thing is going on next year they will be out $50,000. Many farmers are living from crop to crop as it is.

And word is China is buying up ground in South America to make up for the shortfall of grains they aren't getting from the U.S. Looks like they are in for the long haul.

The Great Depression was marked by a severe outbreak of protectionist trade policies.


https://www.dartmouth.edu/~dirwin/Eichengreen-IrwinJEH.pdf

We we enjoyed the party, now we have the hangover. Probably 2/3rd's of your non foods items are from China which might be OK if we had a balance export/import account.
 

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Except when Trump wants to claim he is manipulating the economy into record levels.


Trump is going to have very little to do with the recession coming in 2019 and the bubble we are sitting on now, but since he took credit for the economy before hand...now he will own the economy next year.

yawn...

Tell you what...you go ahead and speculate what's going to happen in 2019. You know...this recession you are talking about. But do that with someone else.

I'm talking about the OP's topic and the true relations between Wall Street, Main Street and our economy.

Have a good day.
 

JustHanging

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Liberal mindset:

Good news about the economy: It was Obama

Bad news about the economy: It was Trump.

Think of it like being the GM of a team. When you take over a very good team, as Trump did, the previous guy who build the team still get's lots of the credit. If you start trading away your good players, making crappy draft picks, and generally screwing things up, like Trump, then you're going to be expected to accept responsibility.

Well, the people who believe in personal responsibility will expect you to accept responsibility. Those who say they are all about personal responsibility, but do the exact opposite, like much of Trump's base, not so much. They'll try to deflect and attack the other side instead.

It's not rocket science.
 

JoanDavis

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Our orange nitwit commander in chief will blame it on someone else whether it be Obama or the Federal Reserver Board, and the Trump enablers here will make excuses. If this happened during Obama's tenure they would be screaming bloody murder from the roof tops. Gotta love partisan hypocrites.


After trump met with the Chinese at the G20, the Dow Jones went up and trump boasted about how HE achieved it. The very next day the Dow Jones plummeted by 800 points because investors didn't know what trump actually agreed to with XiXi Jing.

So did trump accept responsibility for the massive fall? Nah. He blamed it on the Chair of the Federal Reserve.

Once again the orange baby takes credit when things go well but blames others when things are bad.


Grow up you effing baby!


An absolute DISGRACE!!!
 

JustHanging

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Trump is so outmatched by China. Even if Trump had the kind of dictatorial power he craves to be able to eff with us to his heart's content without worrying about any kind of voter backlash, he would still be outmatched by China.

Trump is dummy. Well if his top advisors are to be believed, a moron or an idiot, take your pick. He would be owned by China, just like he has been owned by Putin, and Kim Jong Un.
 

iguanaman

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And yet, our economy is humming right along. Employment rates the best they've been in decades. Manufacturing way up. Wages increasing, Consumer confidence way up. Business confidence way up.

That's all part of Main Street. That's what Trump cares about.

Wall Street? shrug... Full of speculators and computer programs that are triggered by nonsense.

The stock market has NEVER, in the last 30 years or so, been an accurate indicator of the state of our economy.

Except when it was going up. Then is was proof that Trump is a genius. The Stock market is a leading indicator and it's value is based on FUTURE perceived profits. It's falling is not a good sign at all. Trump was handed a growing economy and it is his to sink. The trillion $ tax cut "stimulus" has already faded and now the real world is showing it's ugly face. Hold on to your hats a Republican is in office again.
 
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JustHanging

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Except when it was going up. Then is was proof that Trump is a genius. The Stock market is a leading indicator and it's value is based on FUTURE perceived profits. It's falling is not a good sign at all. Trump was handed a growing economy and it is his to sink. The trillion $ tax cut "stimulus" has already faded and now the real world is showing it's ugly face. Hold on to your hats a Republican is in office again.

Don't forget, Trump also gave away clean water and clean air. Billions, likely trillions, will have to be spent to clean up the pollution.
 

1751Texan

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yawn...

Tell you what...you go ahead and speculate what's going to happen in 2019. You know...this recession you are talking about. But do that with someone else.

I'm talking about the OP's topic and the true relations between Wall Street, Main Street and our economy.

Have a good day.

You yawn as your boy epically fails.

Bush 41 fans were already staking Bush's ...Greatest One Term President Ever spot.

Trump fan and Nixon Fans can duke it out for 3rd place.
 
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