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Subj: Re: What's bothering you about Trump?
Posted: Wed Feb 07, 2018 at 12:39:57 pm EST (Viewed 394 times)
Reply Subj: Re: What's bothering you about Trump?
Posted: Mon Feb 05, 2018 at 09:01:21 pm EST (Viewed 688 times)
To be fair, you are putting a bit more positive spin on this than may be due. Some examiners are also indicating that the market is skittish about potential rise in interest rates too.
A correction is fine and all, but it is a situation at the moment that Trump and the GOP are wrapping themselves in too much. Bragging about everything being so great solely because of your actions (real or not) also puts one on the hook if anything goes wrong.
The market as a whole is not a great way of examining the economy. At best it is correlating but not always.
And the market can also give too much credit, which some argued happened in 2017. Most of that was built on expectation of various actions the administration would take. Some not until the very end. Investors were also unusually brave about various international events that normally would have dragged things down.
The normal economy is doing well by most standards, but it is hard to imagine that is totally on Trump either. Given he was handed the reigns of a greatly improving economy and passed his first economic package in late December that has not gone into full effect for all American's as of yet.
Presidents all like to take credit, Trump more than most, but really the stock market is a crappy judge of things other than how investors feel about things.
Look Raist bunnies...