''Err ... but Trump ...?'' *sniff

[Guest]

Feel free to look up your own Dow/Nasdaq/SP500 ... don't just rely on copy and pastes, they can make for painful viewing ... 

Other 'leaders' are world famous for really groundbreaking things ... 

 

 

 

 

 

 

 

 

 

 

 

 

 

Edited November 12, 2019 by Guest

[Enthalpic + 1,496]

Too easy - nice try

It's not too hard for the economy to recover after a huge disaster/bailout and with federal interest rate cuts. Who cares about debt?

[Guest]

LOL 🤣 , of course you can't give any credit. 

Yeah all of that was Trump's fault too? 

He won, there was a vote, get over it, jeez, not even your country. 

Cheers. 

Edited November 12, 2019 by Guest

[Zhong Lu + 845]

You could do the same with Obama.  He was inaugurated with the S&P below 1000.  By the time he left it was @ 2000.  

Edited November 12, 2019 by Zhong Lu

[Guest]

Could do yep. He also got Nobel Prize and spied on the whole country. He's my hero.

[Zhong Lu + 845]

I would argue no president is a hero and should never be treated as such.  After all they're just government bureaucrats.

Edited November 12, 2019 by Zhong Lu

[Guest]

LOL was being sarcastic @Zhong Lu.

If I say someone is my hero, I probably can't stand them.

How are your trades going? 

Edited November 12, 2019 by Guest

[Zhong Lu + 845]

Good.  Out of everything now.  UGAZ went well.  Sold a week ago. You? 

Edited November 12, 2019 by Zhong Lu

[Guest]

Yeah all good man, been a weird week but volatility always a bonus 

[Zhong Lu + 845]

Yes.

Edited November 12, 2019 by Zhong Lu

[ronwagn + 6,290]

4 hours ago, Enthalpic said:

Too easy - nice try

It's not too hard for the economy to recover after a huge disaster/bailout and with federal interest rate cuts. Who cares about debt?

Obama took eight years to do far less while doubling the national debt. 

[ronwagn + 6,290]

2 hours ago, Zhong Lu said:

You could do the same with Obama.  He was inaugurated with the S&P below 1000.  By the time he left it was @ 2000.  

Obama took eight years and doubled the national debt!

[ronwagn + 6,290]

1 hour ago, Zhong Lu said:

I would argue no president is a hero and should never be treated as such.  After all they're just government bureaucrats.

[Guest]

[Zhong Lu + 845]

A Trump supporter is complaining about someone else running up the debt? That's interesting.

What's the national debt now under Trump? 

[Enthalpic + 1,496]

1 hour ago, Zhong Lu said:

A Trump supporter is complaining about someone else running up the debt? That's interesting.

What's the national debt now under Trump? 

+1 in forum terms, in reality much more

[Guest]

Look at the title everyone. Sums up the Dems here and in USA.

I rest my case.

Cheers. 

#snowden #recordhighs #class 

[Rasmus Jorgensen + 1,169]

All hail Trump

[Rasmus Jorgensen + 1,169]

2 hours ago, DayTrader said:

Look at the title everyone. Sums up the Dems here and in USA.

I rest my case.

Cheers. 

#snowden #recordhighs #class 

Look at @Zhong Lus comment re debt... any factual comments to this? or just err... but "some Obama nickname"s fault...

Edited November 14, 2019 by Rasmus Jorgensen

[Guest]

I don't know the precise figure funnily enough, and never said anything economy wise was Obama's 'fault' did I?

Maybe you should read who said what - it might help.

Also, I dunno why you always say O'bama with an apostrophe.

Cheers.

Edited November 14, 2019 by Guest

[Guest]

All hail EU.

Edited November 14, 2019 by Guest

[Rasmus Jorgensen + 1,169]

1 minute ago, DayTrader said:

I don't know the precise figure funnily enough, and never said anything economy wise was Obama's 'fault' did I?

Also, I dunno why you always say O'bama with an apostrophe.

Cheers.

sorry. That was @ronwagn. 

haha I don't even know how to spell his name - guess I am no Obama cheerleader..

[Rasmus Jorgensen + 1,169]

2 minutes ago, DayTrader said:

All hail EU

hahahah

[Otis11 + 551]

3 hours ago, DayTrader said:

I don't know the precise figure funnily enough, and never said anything economy wise was Obama's 'fault' did I?

Maybe you should read who said what - it might help.

Also, I dunno why you always say O'bama with an apostrophe.

Cheers.

 

Isn't Excel Great?

So it looks to me that, to date, not correcting for anything, Trump has slightly edged out Obama's economic performance (but probably within margin of error, so essentially equal)

But there are a number of things to correct for.

Most importantly, Obama took over in the pits of the 2008 financial crisis. If he had no impact, historical data would suggest a recovery (aka back to 90% of peak - roughly 1403, so 90% would be 1263 or a 43% improvement) within 6-36 months. By this, we should have seen that recovery by 11/1/2011 at the latest if he had no effect whatsoever. This is exactly what we see. So Obama's first term was exactly the minimum expectation, meaning he did nothing in his first 3 years that had a statistically significant impact on the economic recovery. (Just facts, no personal opinions here)

Trump took over during a historic bull market. Statistically, we would have already expected a price correction (More likely a recession/depression) and, reasonably would be back most of the way to a recovery. Therefore the economy should be at about 1,900-2,100 SP500. It's 54.8% higher than that. Statistically this is an anomaly, meaning something during Trump's administration has happened to boost the economy above what historical data would suggest. (Again, all data, no opinions here)

 

Take from that what you will. That's just what the numbers say. I have my opinions as to why this is, but we'll keep this post purely facts.

Edited November 14, 2019 by Otis11

[Guest]

Humph. Sniffle.

But what about the wall?