Mac1958
Diamond Member
On no issue is the Dunning-Kruger Effect better illustrated than Trumpsters trying to discuss economics/markets.
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They're not told how the Fed's trillions completely buoyed Trump's economy (which was at only 2.3% GDP when the virus hit), or how Trump begged the Fed for even MORE inflationary stimulus and the inflationary ZIRP to which you refer.Since Trump when President ridiculously and unsuccessfully pressured his own Republican appointee Jerome Powell to adopt “ZIRP” (Zero Interest Rate Policy) at just the time Powell was (belatedly) proposing to begin a less accommodationist policy, most of the banking community and the Fed in particular has responded by protecting its traditional independence. But with any less self-seeking Republican in office, the Fed and financial capitalism would likely revert to its historic norm of being generally — but certainly not fanatically — conservative pro-business, pro-Wall Street and pro-Republican.
The topic is about the Stock Market, and Biden supposedly “destroying it.” It is not about inflation, which is a totally different subject.
Nice spin, too bad that President Biden isn't responsible for the deficit in our Markets:
- The Pandemic
- Fiscal Conservative
- Local City and Town Councils
- Greed
- World Markets too
- McConnell & his bitches
- Trump
- And, people like you.
high taxes, massive spending, govt lockdowns, war on fossil fuels....bascially the war on the working classWhich ones?
Democrats were in charge for two years, what "high taxes"?high taxes, massive spending, govt lockdowns, war on fossil fuels....bascially the war on the working class
Was 2021 great year for Biden? Lets just set a consistent standard here.Americans lost 9 trillion in the market in 2022. Buuuuuuuuuuuut, according to some of the posters here, it was a "great year" for Biden.
Was 2021 great year for Biden? Lets just set a consistent standard here.
Was 2021 great year for Biden? Lets just set a consistent standard here.
the cult puts party before countryI don't know, you tell me.
2021 and 2022 sucked for most Americans, but as long as it was good for Biden, you guys celebrate.
By the way, don't give me a 'fake news' citation!
Read for yourself!
Stock market losses wipe out $9 trillion from Americans' wealth
Falling stock markets have wiped out $9 trillion in wealth from U.S. households, putting pressure on family balance sheets and spending.www.cnbc.com
how much would you of had if joe and the demafasict didn’t record the market and have the worst year since 2008 this past year?If you bought stocks on Trump’s second year’s Jan 3rd for $100,000 they’d be worth $130,000 under Joe today on his second year’s Jan 3rd. If you bought $100,000 on April 1st of Trump’s third year it would be worth $195,000 under Joe today.
Go Joe!!
Your link:
From the market lows of 2020 to the peak at the end of 2021, America’s stock wealth nearly doubled, from $22 trillion to $42 trillion.
So 13 Trillion gain (50%+) in three years and all you could think about is now is how to shit on Biden.