~~ 4 years ago, on 22 Oct 2020, in a presidential debate against Biden, one that Trump lost, Trump Claimed That If Biden is elected, 'the stock market will crash' on the last trading day in Sept 2024, the Dow just hit another all-time high, the 24th time this year. US stocks soared, with the Dow Jones Industrial Average closing above the 42,000 level for the first time amid growing optimism that the Federal Reserve's jumbo interest rate cut will deliver a "soft landing" for the US economy.
you seem too educated to not have investments in the market between 2019 and 2024. If you were in the market, you are most certainly way better off than you were in 2019. if you are worse off now than in 2019, I feel bad for you that you didn’t have a penny to stick into the market. I mean that honestly because what has happened is that the wealth gap has widened and will probably continue to do so.
food for thought for pessimists (only when a Dem is POTUS) such as Moniker, in the US, Fed Chair Powell has piloted an economic soft landing. GDP growing above 3%, except for China, much higher that other major economies GDP growing every quarter for the past 11 consecutive quarters job creation avg >100K each month, for 44 consecutive months created over 16 million jobs since Biden started his presidency the most recent month of Sept 2024 job creation exceeded all estimates unemployment decline avg hour wage rose meanwhile, Samsung is terminating employees in Southeast Asia and Oceania Volkswagen is firing workers in China and considering shuttering plants in Germany.
the success of Bidenonomics has disproveen some generally accepted ecnomic truism. phillips curive, which was meant to portray the inverse relationship between inflation and unemployment. from 2023 to present, Bidenomics has proven that declining inflation and higher employment can co-exist inverted yield curve, where the short-term yield is higher than the long-term yield, supposedly, automatically signalling a recession the yield curve has been inverted since late 2022, yet the GDP has continued to grow Sahm's law, one says that 2 consecutive month of rapid increases in unemployment rate triggers recession this unemployment phenomenon took place in August 2024, yet theGDP pie continues to grow, w declining unemployment rate in the next 2 month.
the tandem of Powell's Fed and Bidenomics has shown the world what a soft landing looks like Bloomberg https://www.bloomberg.com/.../us-economy-expands-at-... American economic outperformance continues as GDP expands by 2.8%, powered by resillient consumers
Wait, people spend when they don't have to worry about their president starting conflicts with other countries including their allies? You don't say. The best thing a president can do for the economy is to be boring.
A considered opinion from the conservative-leaning, Fox-owned, Wall Street Journal The Next President Inherits a Remarkable Economy, The Envy of the World
Gas prices in Minnesota have a range but I'm seeing a lot of places with gas prices lower than what I paid for in 2019. Two days ago I paid $2.58 / gallon in ex-urban Minnesota. A gas station in my neighborhood in Minneapolis listed gas at $2.91 / gallon yesterday.
link will work for everyone Investors Bid Bye, Bye to Bidenomics Stocks stage a relief rally as investors foresee fewer taxes and less regulation. https://www.wsj.com/opinion/investo...3?st=6fP42i&reflink=desktopwebshare_permalink
Lmao at constantly using the stock market as a gauge for the economy When such a large cohort are living paycheck to paycheck from price rises, no the economy isn’t doing great because the walstreet elite are doing even better than they were
link again should work for everyone Wall Street Salivates Over a New Trump Boom Wednesday’s epic postelection rally augurs big, lucrative opportunities, investors and analysts say https://www.wsj.com/finance/stocks/...2?st=LePrK7&reflink=desktopwebshare_permalink
We racked up a trillion in debt on top of spending in the past 4 months. Doesn't sound boring for whoever made a killing off of that. Other countries are envious. I'm sure reporters will maintain that same narrative half a year from now...
CNN boss Mark Thompson to lay off hundreds after Election Day ratings wipeout: report https://nypost.com/2024/11/12/media...ds-after-election-day-ratings-wipeout-report/
selective view on your part; you conveniently omitted the view from other perspectives the whole US economic pie jobs created tax revenue collection by the US Govt the portion of the increased debt that is being paid for by other countries when they buy up US debts
How bout we look at: Home prices soaring. Cost of food Wages not keeping pace with inflation .... the dollar store is now the $1.99 store. Interest rates higher than they have been since I was in highschool 40+ years ago. What the **** can you buy with a dollar anymore? Stock market's great .... people with money have more, the rest of the country is struggling.
