1 1
gowlerk

The Trump recession

Recommended Posts

6 hours ago, Phil1111 said:

That explains the headache. Some client probably asked you to cut a $1,000,000 listing commission from 7% to 6%. Assholes!

Hehe..no one gets those kind of percentages on a $1,000,000 listing.  You've been watching too much HGTV,

Share this post


Link to post
Share on other sites
55 minutes ago, Phil1111 said:

The Dow closed at 19,827.25 on trump's Inauguration Day, Jan. 20, 2017. Its 20,188.52 today so up 361.27. That would be a second or two of trading tomorrow to wipe out his "achievements".

There is no point in speculating on how much more he can drive the economy down til Jan 20, 2021.

Far be it from me to support the orange Cheeto-head, but I wouldn’t put the current drop all down to Trump. His cavalier attitude early didn’t help, and he’s not helping things now either, but it’s not all on him. 

Only part of jt

Wendy P. 

Share this post


Link to post
Share on other sites
7 minutes ago, wmw999 said:

Far be it from me to support the orange Cheeto-head, but I wouldn’t put the current drop all down to Trump. His cavalier attitude early didn’t help, and he’s not helping things now either, but it’s not all on him. 

Only part of jt

Agreed there.  The huge drop during his speech was almost certainly his doing.  The remainder was due to a combination of confusion (caused partly by Trump)  panic over the Coronavirus and actual slowdowns in tourism, trade and production.

Share this post


Link to post
Share on other sites
12 minutes ago, wmw999 said:

Far be it from me to support the orange Cheeto-head, but I wouldn’t put the current drop all down to Trump. His cavalier attitude early didn’t help, and he’s not helping things now either, but it’s not all on him. 

Party pooper.

Share this post


Link to post
Share on other sites
50 minutes ago, wmw999 said:

Far be it from me to support the orange Cheeto-head, but I wouldn’t put the current drop all down to Trump. His cavalier attitude early didn’t help, and he’s not helping things now either, but it’s not all on him. 

Only part of jt

Wendy P. 

Agreed. However he and his supporters have certainly claimed all the increases for him. Only logical to then tie the decreases to him as well. Live by the sword and all...

  • Like 1

Share this post


Link to post
Share on other sites
29 minutes ago, billvon said:

Agreed there.  The huge drop during his speech was almost certainly his doing.  The remainder was due to a combination of confusion (caused partly by Trump)  panic over the Coronavirus and actual slowdowns in tourism, trade and production.

Wendy is right, but the President gets the credit and suffers the criticisms from the markets. The $1.5 trillion of tax cuts and QE of the first three years has been pissed away to be paid by the children of todays America.

IMO the market decline is being driven in part by the lack of leadership from the top. It seemed as if today the message is finally getting through. But I'm sure tweets and foolishness will walk that back by tomorrow. The public emergency declaration gives the president unlimited powers. Yet the talking points of active suppression of the virus comes from governors.

What the markets and the public need is leadership. How about leadership like:

We shall go on to the end. We shall fight in the factories, we shall fight in the clinics and hospitals, we shall fight with growing confidence and growing strength in the schools, we shall defend our people, whatever the cost may be. We shall fight in the laboratories, we shall fight in the pharmacies, we shall fight in the fields and in the streets, we shall fight in the hills; we shall never surrender,

trump should be signing executive orders as if the virus was little brown illegal immigrants invading from overseas. Ordering 24 hour a day production of what hospitals need with contract pricing to be determined by a independent arbitrator.

Masks, ventilators, cleaning solutions,test kits, mobile clinics in every city and on and on. Oh well wishful thinking.

Share this post


Link to post
Share on other sites
10 hours ago, kallend said:

https://www.npr.org/2020/03/16/816382835/stocks-shudder-despite-emergency-measures

Has anyone noticed a pattern in stock market crashes?

Hoover (R)

Reagan (R)

GWB (R)

Trump (R)

The stock market is a future indicator.  It doesn't worry about the current situation it prices in future difficulties.

Roosevelt (D)

Clinton (D)

Obama (spread your wealth around) (D)

Biden/Sanders (D) 

Share this post


Link to post
Share on other sites
44 minutes ago, brenthutch said:

The stock market is a future indicator.  It doesn't worry about the current situation it prices in future difficulties.

Roosevelt (D)

Clinton (D)

Obama (spread your wealth around) (D)

Biden/Sanders (D) 

This is hands down one of your most laughable takes yet. Absolutely breathtaking, well done... xD

Share this post


Link to post
Share on other sites
1 hour ago, brenthutch said:

The stock market is a future indicator.  It doesn't worry about the current situation it prices in future difficulties.

Roosevelt (D)

Clinton (D)

Obama (spread your wealth around) (D)

Biden/Sanders (D) 

So the fact it tanked IMMEDIATELY after Trumps emergency speech was pure coincidence?

Share this post


Link to post
Share on other sites
(edited)
1 hour ago, brenthutch said:

The stock market is a future indicator.  It doesn't worry about the current situation it prices in future difficulties.

Roosevelt (D)

Clinton (D)

Obama (spread your wealth around) (D)

Biden/Sanders (D) 

So then, I guess that means that the future always looks brighter when a D is in office.

Edited by gowlerk
  • Like 1

Share this post


Link to post
Share on other sites
1 hour ago, brenthutch said:

No, his poor performance virtually assures that Biden/Sanders will be our next president, the markets responded accordingly.

 

what would happen if health safety does not allow for an election ? (serious question)

Share this post


Link to post
Share on other sites

Hmmmmm

Trump now wants a SOCIALIST solution to a crisis in capitalism that has been enabled by his own ineptitude.

People are saying that deserves a yuge Irony Score, bigly.

(I'm sure it will involve a significant personal benefit to him and his family)

Share this post


Link to post
Share on other sites
(edited)
5 hours ago, kallend said:

Hmmmmm

Trump now wants a SOCIALIST solution to a crisis in capitalism that has been enabled by his own ineptitude.

People are saying that deserves a yuge Irony Score, bigly.

(I'm sure it will involve a significant personal benefit to him and his family)

If you take your bribe, I mean the cash contributions, you'll be happy with Trump! /s

Edited by normiss
stoopid fingers

Share this post


Link to post
Share on other sites
19 minutes ago, normiss said:

If you take your bride, I mean the cash contributions, you'll be happy with Trump!

 

6 minutes ago, turtlespeed said:

I think it's kinda inappropriate talking about his wife that way - 

Bride, bribe either way Trump buys and sells everything in his life. Even with the small editing error normiss is correct.

  • Like 1

Share this post


Link to post
Share on other sites
3 hours ago, gowlerk said:

 

Bride, bribe either way Trump buys and sells everything in his life. Even with the small editing error normiss is correct.

Stoopid fingers.

Thanks.

 

I would also expect the $2000 being "given" to taxpayers isn't actually a gift.

Just wait for the forms.....

Share this post


Link to post
Share on other sites
16 hours ago, brenthutch said:

No, his poor performance virtually assures that Biden/Sanders will be our next president, the markets responded accordingly.

 

I hope you have another gig besides political analysis now that your day job has evaporated.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

1 1