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Wall Street, banks, energy, RE, airlines, consumer products, etc. Less regulation, tax cuts, generally a president who is seen as pro-business. Doesn't matter how we analyze it, the trend is your friend.
I hope you're right and that the past doesn't come back to haunt us.
How many of "those that were forgotten" have stocks?
I don't know, do you? Folks who depend on pensions would be one group.
anotheraccount
2017 Mar 1, 7:56am
Blurtman, Strategist,
You the same people that bitched about Obama's deficit spending for years. Now, that Trump is going to deficit spend even more, you are excited. Great!
anotheraccount
2017 Mar 1, 7:57am
Oh yeah Blurtman, Trump is not going to give handouts to banks like Hillary, right? JPM is up 2.8% today, 57% year over year.
Strategist
2017 Mar 1, 8:06am
Blurtman, Strategist,
You the same people that bitched about Obama's deficit spending for years. Now, that Trump is going to deficit spend even more, you are excited. Great!
Nope. I did not have a serious problem with deficits. Obama's deficits were necessary to prevent a depression.
I bitched about the lack of economic recovery, and his ineffective fight against terrorism. Other than that I felt Obama was OK.
anotheraccount
2017 Mar 1, 8:06am
What did Trump "give" JPM?
Do you know what less regulation means? Let's give an example. JPM wants to level up a company to some unsustainable ratio. Right now they need to spend money to get approval for the Fed to get this deal done. Without regulation, they don't have to, they call their own shots. The end result is they end up levering everyone up like 2007.
anotheraccount
2017 Mar 1, 8:07am
I bitched about the lack of economic recovery
I am sure economic recovery would have been stronger if deficit spending was higher. So you are ok piling on incredible amounts of debt?
Strategist
2017 Mar 1, 8:11am
Oh yeah Blurtman, Trump is not going to give handouts to banks like Hillary, right? JPM is up 2.8% today, 57% year over year.
Trump is offering a realistic economic recovery with tax cuts. That is why stocks and banking stocks are shooting up.
I am sure economic recovery would have been stronger if deficit spending was higher. So you are ok piling on incredible amounts of debt?
The main reason why the economy is set to finally recover is because of the confidence Trump's economic policies has inspired. Some deficit spending is affordable in a rising economy.
You the same people that bitched about Obama's deficit spending for years. Now, that Trump is going to deficit spend even more, you are excited. Great!
I don't know that I ever bitched about the deficit. It's not real money, so why worry?
Austerity is bad for the economy. Trump is not promising austerity for anything except federal programs and departments. Trump is stimulative. Infrastructure spending. More real jobs. More good incomes. Expansionary.
Check out the size of the various Dept. budgets. DoED is quite large. It will be halved, at least.
He's got to keep a lid on Wall Street for they will crash the economy again to fill their pockets.
Strategist
2017 Mar 1, 8:44am
Damn Trump, making everyone rich.
Just don't get use to it, it ain't going to last.
There goes my beach front dream. :(
anotheraccount
2017 Mar 1, 8:47am
He's got to keep a lid on Wall Street for they will crash the economy again to fill their pockets.
And how do you do that when promising less regulation?
anotheraccount
2017 Mar 1, 9:24am
Jamie Dimon says that lower corporate tax rates will boost lower wage jobs. Yeap.
And how do you do that when promising less regulation?
An out of control Wall Street is a danger but still no one will go to jail.
https://finance.yahoo.com/quote/^DJI?p=^DJI
#Booyah