posted December 18, 2018 12:12 AM            

quote:

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Originally posted by Randall:
China was on the way to becoming the world's largest super power, and now they are in deep trouble, while the American dollar is still strong. Oil just fell below $50 a barrel. China cannot afford a trade war.

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posted December 20, 2018 06:13 AM            

December has already seen the worst drop in the Dow Jones since 1930s.

There is a huge System Level Failure in US Financials which this incompetent administration is covering up more than their loyalty to Putin.

posted December 20, 2018 10:43 AM            

Blithering nonsense.

Investors are reacting to the Fed's numerous hikes in interest rates which they know has a chilling effect on the economy and economic growth.

posted December 20, 2018 04:21 PM            

We all know it takes more than 6 months for new government policies to kick in, so whatever Stock Performance was seen (Good or Bad) till July 2017 was on Obama. 21800 is this peak.

From August 1st 2017, Trump policies started moving the markets in actuality. Liquidity increased from the Tax Cuts, stock market purchases increased. We saw a rise from 21800 to 26600 pretty quickly, and after that it has been a steady fall in 2018 with heavy fall in December.

Best gains by the best of Trump Policies:
26600 -21800 divided by 26600. 18% . Best.

And today? Just 1000/26600 or 4% tops.

If Dow Jones falls to 22K, then Trumponomics would be an Epic Fail. All that economic GDP Growth would count for nothing as Masses see their 401Ks turn to garbage.

posted December 20, 2018 04:51 PM            

More bullshiite!

Trump picked 4 members including the Chairman of the Fed.

Jerome Powell February 5, 2018 (as Chairman)

Richard Clarida September 17, 2018 (as Vice Chairman)

Randal Quarles October 13, 2017 (as Vice Chairman for Supervision

Michelle Bowman November 26, 2018

posted December 21, 2018 02:26 PM            

quote:

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Originally posted by Catalina:
When it's going up it's all about DonWan. When it's going down it's anybody else who comes to mind.

Real heroes don't need to brag.

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It's no wonder that the 1st thing leftists
...Marxists, Communists, Socialists and Progressives do when they're in control is tank national economies. They don't understand money, the cost of money, nor do they understand business.

posted December 22, 2018 02:10 AM            

Trump rightly bragged and took credit when Dow Jones crossed the 26600 level.
And now, he must eat crow and accept the brickbats when the Dow has crashed by almost 4000 points.

posted December 22, 2018 05:02 PM            

Sorry but I must ask what planet are you on..or what planet do you think you're on?

Economic Growth
•4.2 percent growth in the second quarter of 2018.
•For the first time in more than a decade, growth is projected to exceed 3 percent over the calendar year.

Jobs
•4 million new jobs have been created since the election, and more than 3.5 million since Trump took office.
•More Americans are employed now than ever before in our history.
•Jobless claims at lowest level in nearly five decades.
•The economy has achieved the longest positive job-growth streak on record.
•Job openings are at an all-time high and outnumber job seekers for the first time on record.
•Unemployment claims at 50 year low
•African-American, Hispanic, and Asian-American unemployment rates have all recently reached record lows.
◦African-American unemployment hit a record low of 5.9 percent in May 2018.
◦Hispanic unemployment at 4.5 percent.
◦Asian-American unemployment at record low of 2 percent.
•Women’s unemployment recently at lowest rate in nearly 65 years. ◦Female unemployment dropped to 3.6 percent in May 2018, the lowest since October 1953.
•Youth unemployment recently reached its lowest level in more than 50 years. ◦July 2018’s youth unemployment rate of 9.2 percent was the lowest since July 1966.
•Veterans’ unemployment recently hit its lowest level in nearly two decades. ◦July 2018’s veterans’ unemployment rate of 3.0 percent matched the lowest rate since May 2001.
•Unemployment rate for Americans without a high school diploma recently reached a record low.
•Rate for disabled Americans recently hit a record low.
•Blue-collar jobs recently grew at the fastest rate in more than three decades.
•Poll found that 85 percent of blue-collar workers believe their lives are headed “in the right direction.” ◦68 percent reported receiving a pay increase in the past year.
•Last year, job satisfaction among American workers hit its highest level since 2005.
•Nearly two-thirds of Americans rate now as a good time to find a quality job. ◦Optimism about the availability of good jobs has grown by 25 percent.
•Added more than 400,000 manufacturing jobs since the election. ◦Manufacturing employment is growing at its fastest pace in more than two decades.
•100,000 new jobs supporting the production & transport of oil & natural gas.

American Income
•Median household income rose to $61,372 in 2017, a post-recession high.
•Wages up in August by their fastest rate since June 2009.
•Paychecks rose by 3.3 percent between 2016 and 2017, the most in a decade.
•Council of Economic Advisers found that real wage compensation has grown by 1.4 percent over the past year.
•Some 3.9 million Americans off food stamps since the election.
•Median income for Hispanic-Americans rose by 3.7 percent and surpassed $50,000 for the first time ever in history. ◦Home-ownership among Hispanics is at the highest rate in nearly a decade.
•Poverty rates for African-Americans and Hispanic-Americans have reached their lowest levels ever recorded.

American Optimism
•Small business optimism has hit historic highs. ◦NFIB’s small business optimism index broke a 35 year-old record in August.
◦SurveyMonkey/CNBC’s small business confidence survey for Q3 of 2018 matched its all-time high.
•Manufacturers are more confident than ever. ◦95 percent of U.S. manufacturers are optimistic about the future, the highest ever.
•Consumer confidence is at an 18-year high.
•12 percent of Americans rate the economy as the most significant problem facing our country, the lowest level on record.
•Confidence in the economy is near a two-decade high, with 51 percent rating the economy as good or excellent.

American Business
•Investment is flooding back into the United States due to the tax cuts. ◦Over $450 billion dollars has already poured back into the U.S., including more than $300 billion in the first quarter of 2018.
•Retail sales have surged. Commerce Department figures from August show that retail sales increased 0.5 percent in July 2018, an increase of 6.4 percent from July 2017.
•ISM’s index of manufacturing scored its highest reading in 14 years.
•Worker productivity is the highest it has been in more than three years.
•Steel and aluminum producers are re-opening.
•Dow Jones Industrial Average, S&P 500, and NASDAQ have all notched record highs. ◦Dow hit record highs 70 times in 2017 alone, the most ever recorded in one year.

American Business
•Investment is flooding back into the United States due to the tax cuts. ◦Over $450 billion dollars has already poured back into the U.S., including more than $300 billion in the first quarter of 2018.

•Retail sales have surged. Commerce Department figures from August show that retail sales increased 0.5 percent in July 2018, an increase of 6.4 percent from July 2017.
•ISM’s index of manufacturing scored its highest reading in 14 years.
•Worker productivity is the highest it has been in more than three years.
•Steel and aluminum producers are re-opening.
•Dow Jones Industrial Average, S&P 500, and NASDAQ have all notched record highs. ◦Dow hit record highs 70 times in 2017 alone, the most ever recorded in one year.

Tax Cuts
•Biggest tax cuts and reforms in American history by signing the Tax Cuts and Jobs act into law ◦Provided more than $5.5 trillion in gross tax cuts, nearly 60 percent of which will go to families.
◦Increased the exemption for the death tax to help save Family Farms & Small Business.
◦Nearly doubled the standard deduction for individuals and families.
◦Enabled vast majority of American families will be able to file their taxes on a single page by claiming the standard deduction.
◦Doubled the child tax credit to help lessen the financial burden of raising a family.
◦Lowered America’s corporate tax rate from the highest in the developed world to allow American businesses to compete and win.
◦Small businesses can now deduct 20 percent of their business income. ◦Cut dozens of special interest tax breaks and closed loopholes for the wealthy.
•9 in 10 American workers are expected see an increase in their paychecks thanks to the tax cuts, according to the Treasury Department.
•More than 6 million of American workers have received wage increases, bonuses, and increased benefits thanks to tax cuts.
•Over 100 utility companies have lowered electric, gas, or water rates thanks to the Tax Cuts and Jobs Act.
•Ernst & Young found 89 percent of companies planned to increase worker compensation thanks to the Trump tax cuts.
•Established opportunity zones to spur investment in left behind communities.................
http://www.washingtonexaminer.com/washington-secrets/trumps-list-289-accomplishments-in-just-20-months-relentless-promise-keeping

posted December 23, 2018 08:25 AM            

Let me ask JWHop, in case Dow Jons falls to 7000 levels again like in 2008, you will still keep touting the economy as a Mega Success?
Artifical Falls can be maximum for 1000-1500 points, more than that would kill the short sellers.

posted December 23, 2018 11:28 AM            

"Leftists always tank the economy"

How confusing is that? Which was it, please, did the economy tank or go up under Obama? (You might dodge this by admitting O was really not very leftist😉 but that's not going to happen izzit?)

Did DT inherit a crashing economy or an upswinging one? Has his godlike presence created the GLOBAL expansion?

posted December 24, 2018 12:49 PM            

Trump took full credit for the rise, and he has to take the complete blame for the Fall, there is no escape from this Fact.

The Dems have not done anything yet, and Trump is the one refusing to sign the bipartisan deal of GOP and Dems. The President should never allow a shutdown, Shutdown is the poorest Leadership according to his own words.

And now Trump is blaming the Federal Reserve on twitter, also blaming Mattis on twitter etc etc. He seems to be going crazy, tweeting all by himself. I think he tweeted 10 times in a couple of hours. He even said Saudi Arabia (9-11 perpetrators) will be rebuilding Syria while Erdogan will take care of ISIS. Saudis will never help Shias and Erodgan will never attack Sunni ISIS, but will attack Kurds instead.

At this rate, Pentagon Representatives on behalf of Mattis could be meeting Mueller before Jan 3rd 2019. And I wont be surprised if Trump is forcibly retired before end of 2019.

posted December 24, 2018 06:12 PM            

The Dow ended the day a dramatic 653 points lower at 21,792 in an abbreviated trading session ahead of the Christmas holiday, down nearly 10 percent from a mere week ago. The day's losses of 2.9 percent, added to last week's of 6.8 percent, set the stage for a sober last week of trade this year.

"I do believe this was the worst Dec. 24 in history," U.S. Global Investors head trader Michael Matousek told ABC News. "There hasn’t been a worse Christmas Eve since I started in the industry 22 years ago."

Last week was the index's worst in 10 years -- since the 2008 financial crisis. 

posted December 24, 2018 08:48 PM            

How does someone who only hires the best find so many people who morph into losers and patsies? Who picked the head of the fed? Who picked Sessions, Tiller, Haley, Spicer, Manafort, Cohen, Flynn, Kelly, Mattis and Bannon.. the last ran off to Europe with his head between his legs and started jinning up the nationalists there, since no one here will have anything to do with him... and Omarosa, Zinke, the Mooch!!.. who else?

posted December 26, 2018 03:49 PM            

quote:

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Originally posted by Randall:
Just putting this out there, but the DOW rose to record highs after President Trump won the Presidency and dropped after the Dems won the House. Just sayin'. Merry Christmas.

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