Brownslave688
You want a toe? I can get you a toe.
And it may be years before we know the real effects of QE and such.
DriveInDriveOut
Inordinately Right
Brownslave688
You want a toe? I can get you a toe.
Actually after thinking more and about this it's one of the most ignorant statements I've read.
On can be true (trump tax cuts helping the market rise) without the other being true (blaming trump for the market dropping)
refineryworker05
Well-Known Member
So tax cuts that had not yet passed are responsible for the stock market performance and Trump retroactively should get credit. But the stock market performance after the tax cuts actually pass is not Trump’s fault?
Lol. Ok you go with that. The ability of republicans to delude themselves.... is endless.
apparently people usually blame whatever government is in power for the economy.
people arent very smart.
refineryworker05
Well-Known Member
Nah it’s not people. It’s specifically republicans.
I don’t do the all people thing as a way to absolve republicans for what they are doing right now.
Objectively, the economy under President Obama over the totality of his terms was better than the one for Bush. So Obama supporters saying hey the economy performed better is not delusional it’s not wrong. It is factually accurate.
Republicans pretending or lying or whatever they are doing about the economy under trump which has so far in objective metrics done slightly worse is delusional. Pretending that Trump was responsible for the stock market is delusional.
Brownslave688
You want a toe? I can get you a toe.
You obviously have zero understand of how the markets work and economics.
There are a multitude of reasons for the market to go up or down.
The markets started pricing in the tax cuts as soon trump won because they knew it was coming. After that fear of missing out and such drove the prices up much faster and overpriced the market. Trump and his fans can take at least partial credit for that run because of the tax cuts
Now the market is falling because of fears of raises rates inflation and wages.
Economic fats is still very strong but that doesn't automatically mean the markets can't go down. That's not how it works.
With your extremely narrow minded view of how economics and the markets work I really doubt you'll grasp these concepts but I gave it a try.
refineryworker05
Well-Known Member
Wow you should be filthy rich with your deep level of why the stock market performs.
I don’t know why anyone would take that tack of criticism.
Trump supporters don’t actually believe Trump is responsible for stock market performance or else they’d be blaming him right now, they aren’t so they don’t. I’m not going pretend republican delusions are real.
DriveInDriveOut
Inordinately Right
You don't think rates going up is tied to the tax cuts?
I mean really, what kind of idiot creates stimulus when the economy is booming?
Just throw fire on it and pretend there won't be consequences lol.
What did the administration think was going to happen?
refineryworker05
Well-Known Member
I didn’t even bother to explain. The reality is republicans believe a lot of delusional things.
Democrats are far far far from perfect, but they at least in my opinion attempt to deal with objective reality. Republicans just make shyt up and run with it. Reality be damned.
That’s how the poster could think of a delusional way to give Trump credit for stock market performance retroactively for tax cuts that hadn’t passed but not the blame once those tax cuts had passed. It is delusional thinking.
Brownslave688
You want a toe? I can get you a toe.
I was actually typing it saying to myself "I guess if you really wanted to you could probably make a weak correlation between the 2" lol
I think they've been held down artificially a long time.
DriveInDriveOut
Inordinately Right
Ya I mean nothing happens in a bubble we can't pinpoint one thing. The cuts were a bonehead move for more than one reason though.
Consistency at the Fed would probably have helped. Trump canned Yellen because of his ego IMO. If fear of rates rising faster than expected is a part of the market correction, then it's easy to point a finger at the guy who fired her for no reason.
Brownslave688
You want a toe? I can get you a toe.
You do realize this isn't just my opinion. It's the opinion of every financial analyst there is.
Brownslave688
You want a toe? I can get you a toe.
Non sequitur
Well-Known Member
Do you guys even talk to your customers. The feedback I'm getting is that they are all busier than ever and can't find good help. That's my economic indicator.
Jkloc420
Do you need an air compressor or tire gauge
do you
read economic reports
Brownslave688
You want a toe? I can get you a toe.
Non sequitur
Well-Known Member
Back to the fryer for you
DriveInDriveOut
Inordinately Right
Ya. They're gonna have to raise wages to get workers. Which will cause inflation. Which the Federal reserve will combat by raising rates. Which will slow the economy and market.
It seems counter intuitive, but there is such a thing as too much of a good thing.
