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Economy always recovers regardless of who’s president.
BREAKING: Japanese automakers Toyota, Mazda pick Alabama for $1.6 billion manufacturing plant, person briefed on situation says.
— The Associated Press (@AP) January 9, 2018
Economy always recovers regardless of who’s president.
anon_604a7 saysEconomy always recovers regardless of who’s president.
Right. So that's why every major liberal leftist personality was "selling all of their stocks" and predicting market crashes (especially libtard hero Krugman) because of Trump's election?
Now it's like "Oh shit that didn't actually happen... uh uh uh ......... THANKS Obama!" Fucking weak.
Did anyone actually say they were selling their stocks after the election? I didn’t hear about that
Another one.
"Donald Trump's first gift to the world will be another financial crisis." Headline in the U.K. Independent. "(He) gives every impression that he will soon be hustling America — and possibly the entire world — in the direction of another catastrophic financial crisis." Same article.
"I have no stocks. I advise people not to invest in the stock market, not now. Way too dangerous." Film maker Michael Moore, August, 2017.
"It really does now look like President Donald J. Trump, and markets are plunging. When might we expect them to recover? A first-pass answer is never… So we are very probably looking at a global recession, with no end in sight." Paul Krugman of the New York Times the day after the election.
"Trump's domestic policies would lead to recession." Former GOP presidential candidate Mitt Romney, March 2016.
"If Trump wins we should expect a big markdown in expected future earnings for a wide range of stocks — and a likely crash in the broader market (if Trump becomes president)." Eric Zitzewitz, former chief economist at the IMF, November 2016.
"Under Trump, I would expect a protracted recession to begin within 18 months. The damage would be felt far beyond the United States." Former Clinton and Obama chief economist Larry Summers, June 2016.
"Trump would likely cause the stock market to crash and plunge the world into recession." Simon Johnson, MIT economics professor, in The New York Times, November 2016.
"Citigroup: A Trump Victory in November Could Cause a Global Recession", Bloomberg Financial News headline, August 2016
"I have never seen an election in which the markets have so strong of a view as to what was good and bad about the outcome. And what you saw was the markets rallying yesterday because of the FBI thing on Sunday. And the reason I mention this particularly is if the likely event happens and Trump wins you will see a market crash of historic proportions, I think…The markets are terrified of him." Steve Rattner, MSNBC economics guru and former Obama Car Czar, October, 2016.
"Wall Street is set up for a major crash if Donald Trump shocks the world on Election Day and wins the White House. New research out on Friday suggests that financial markets strongly prefer a Hillary Clinton presidency and could react with panicked selling should Trump defy the polls and deliver a shocking upset on Nov. 8." Ben White, Politico, October 2016.
And finally, and most unambiguously:
"A President Trump Could Destroy the World Economy", headline of Washington Post editorial, October 2016.
errc saysDid anyone actually say they were selling their stocks after the election? I didn’t hear about that
Who is kirk eichenwald?
Never heard of him
errc saysWho is kirk eichenwald?
Never heard of him
A pretty outspoken lefty journalist who writes at Newsweek, Vanity Fair, and someone who lost a ton of money in 2017 by selling all of his stocks.
"Donald Trump's first gift to the world will be another financial crisis." Headline in the U.K. Independent. "(He) gives every impression that he will soon be hustling America — and possibly the entire world — in the direction of another catastrophic financial crisis." Same article.
"I have no stocks. I advise people not to invest in the stock market, not now. Way too dangerous." Film maker Michael Moore, August, 2017.
"It really does now look like President Donald J. Trump, and markets are plunging. When might we expect them to recover? A first-pass answer is never… So we are very probably looking at a global recession, with no end in sight." Paul Krugman of the New York Times the day after the election.
"Trump's domestic policies would lead to recession." Former GOP presidential candidate Mitt Romney, March 2016.
"If Trump wins we should expect a big markdown in expected future earnings...
Goran_K sayserrc saysWho is kirk eichenwald?
Never heard of him
A pretty outspoken lefty journalist who writes at Newsweek, Vanity Fair, and someone who lost a ton of money in 2017 by selling all of his stocks.
Never heard of the guy
The people who whinge incessantly about CNN and leftists pundits should maybe stop listening to them. It’s bizarre behavior
Who says anyone listens to them? Many of us here experienced massive gains in 2017 and are much more wealthy because we didn’t listen to leftist retards.
Most lefties believe the market will crash only because they don't like Trump. Pure emotional, pure wishful, and pure irrational thinking. You can never be a successful investor with that kind of thinking.
Righties were not much different either when Obama was President.
The way I see it....President's will come, and President's will go, but the stock market will go on for ever.
Strategist saysMost lefties believe the market will crash only because they don't like Trump. Pure emotional, pure wishful, and pure irrational thinking. You can never be a successful investor with that kind of thinking.
Righties were not much different either when Obama was President.
The way I see it....President's will come, and President's will go, but the stock market will go on for ever.
Exactly.
Krugman is a nobel prize winning economist. Even he let his political bias sway his economic analysis, and it cost lots of lefty democrats lots of money. He was completely and utterly wrong.
What I love about Market talk is that no one ever say how much they have made or lost in Dollar amounts.
Companies hired 250,000 new workers to close out the year, well above Wall Street expectations of 190,000. The month was the best for job creation since March and topped the 185,000 in November.
Job growth was broad-based, as professional and business services led the way with 72,000 new positions. The education and health services sector was next at 50,000 and trade, transportation and utilities contributed 45,000. Wall Street-related payrolls grew by 19,000.
https://www.cnbc.com/2018/01/04/us-private-sector-added-250000-jobs-in-dec-vs-estimate-of-190000-adp.html
#economics