I have noted this before. I have never seen or heard of a president who has touted passing the same stock market milestone multiple times prior to Orange Duce. He has touted passing 25,000 3 times. Given the current trend (down), he is going to have a chance to do it a 4th time when the market recovers. Apparently his supporters have really bad memories.
Fourth time’s the charm.jhu72 wrote: ↑Fri Feb 28, 2020 10:57 amI have noted this before. I have never seen or heard of a president who has touted passing the same stock market milestone multiple times prior to Orange Duce. He has touted passing 25,000 3 times. Given the current trend (down), he is going to have a chance to do it a 4th time when the market recovers. Apparently his supporters have really bad memories.
Sure would be nice to have "space" for the Fed to announce a rate cut or two to splash some water on this fire right now. Too bad o d forced the low rates to artificially pump up his re-election economy...DocBarrister wrote: ↑Fri Feb 28, 2020 2:30 pmFourth time’s the charm.jhu72 wrote: ↑Fri Feb 28, 2020 10:57 amI have noted this before. I have never seen or heard of a president who has touted passing the same stock market milestone multiple times prior to Orange Duce. He has touted passing 25,000 3 times. Given the current trend (down), he is going to have a chance to do it a 4th time when the market recovers. Apparently his supporters have really bad memories.
As I write this, Dow has given back all the gains from the last two years.
Market doesn’t like instability and incompetence. Trump personifies both.
Risk of a mild recession this year is growing daily.
DocBarrister
Yep. Not much ammo left in the Fed’s armory.CU88 wrote: ↑Fri Feb 28, 2020 3:08 pmSure would be nice to have "space" for the Fed to announce a rate cut or two to splash some water on this fire right now. Too bad o d forced the low rates to artificially pump up his re-election economy...DocBarrister wrote: ↑Fri Feb 28, 2020 2:30 pmFourth time’s the charm.jhu72 wrote: ↑Fri Feb 28, 2020 10:57 amI have noted this before. I have never seen or heard of a president who has touted passing the same stock market milestone multiple times prior to Orange Duce. He has touted passing 25,000 3 times. Given the current trend (down), he is going to have a chance to do it a 4th time when the market recovers. Apparently his supporters have really bad memories.
As I write this, Dow has given back all the gains from the last two years.
Market doesn’t like instability and incompetence. Trump personifies both.
Risk of a mild recession this year is growing daily.
DocBarrister
Trump can’t bail his way out of a recession, although he will certainly try.
I saw in the B Sun that the Baltimore Port docks will be very quiet next week....DocBarrister wrote: ↑Fri Feb 28, 2020 3:36 pm Just heard a report on MSNBC that Long Beach, CA dockworker time has been cut in half because of reduced shipping caused by the coronavirus pandemic. Not good ....
DocBarrister
It's not magic. Everytime there's a panic sell off, the money trickles back in.jhu72 wrote: ↑Fri Feb 28, 2020 10:57 amI have noted this before. I have never seen or heard of a president who has touted passing the same stock market milestone multiple times prior to Orange Duce. He has touted passing 25,000 3 times. Given the current trend (down), he is going to have a chance to do it a 4th time when the market recovers. Apparently his supporters have really bad memories.
This may also be a narrative fallacy deal because the trade war/dispute we picked w China had already greatly damaged port traffic, have a friend who's a super middle market class B industrial owner operator, after a recent portfolio sale down to less than 1MM sq. ft. for the time being, but he was out on the west coast seeing some of his people out there mid late fall and came back and told me business was already down 40% YOY. So there's a decrease in shipping and trade, but it started long before this came up.DocBarrister wrote: ↑Fri Feb 28, 2020 3:36 pm Just heard a report on MSNBC that Long Beach, CA dockworker time has been cut in half because of reduced shipping caused by the coronavirus pandemic. Not good ....
DocBarrister
So how many more jobs do you predict for the next three quarters?
And you weren't rooting for Obama to fail, right?
Red team. End of story.a fan wrote: ↑Fri Mar 06, 2020 5:46 pm
Republicans intentionally stalled all legislation----including spending-----for six years, simply to stick it to Obama.
Not only did that not bother you, you cheered them on. And there are sailors at the bottom of the ocean because of McConnell's craven politics.
The instant Trump gets into power? Out comes the checkbook, and Republicans make government bigger than ever, pumping trillions of dollars through the economy. And then you come along and cheer this big government economy that is entirely borrowed.
I don't get it. I don't get why you're not mad about this massive spending spree.
