Mac1958
Diamond Member
This is my profession. I'm a CFP/Investment Advisor.You didn't address my point. I provided FACTS that talk radio will not address.You've gotta be kidding me.What evidence do you think they are avoiding?
Okay, just for the hell of it. Let's saying they're talking about "Trump's booming economy". Here are a few examples, of many:
All of those are perfectly pertinent and significant FACTS regarding the big picture that should AT LEAST be DISCUSSED if we're going to be HONEST.
- When they talk about Trump's "booming economy", why don't they bring up the fact that he exploded the deficit, and that the "boom" is now down to 1.9% growth?
- When they talk about Trump's "booming economy", why don't they bring up the fact that we've been in a manufacturing recession for quite a while now?
- When they talk about Trump's "booming economy", why don't they bring up the fact that bond yields have crashed by more than 40%, reflecting market sentiment?
- When they talk about Trump's great record on black unemployment, why do they forget to mention that it's just continuing the trajectory he inherited from Obama?
But they DON'T. And YOU KNOW WHY. It's because those FACTS run CONTRARY to their NARROW PARTISAN NARRATIVE, so they IGNORE them.
So, in the "news" and "information" world you inhabit, you're only getting one, incomplete, distorted view of reality. You are not getting the whole story. Just one side. Somewhere, at some level, you HAVE to know this.
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We are in the longest economic expansion in recent decades with Trump's lowering taxes and relaxing regulations causing a 1st quarter gain of 3.2%. The FED is not helping as it refuses to lower interest rates. Wages and economic growth is 50% higher than during Obama. The stock market also reached a record high.
They don't address facts like that, and others, because those facts weaken their one-sided narratives.
You asked for examples, and I gave them to you. You're not getting the whole story, and you don't seem to care.
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Example: Markets go up and down and that includes the bond market. If one stays the course in their bond investments those bonds provide stability to a portfolio. Your description of a 'crash' in the bond market shows a lack of understanding of market forces and a desire to blame Trump. The bond market suffered during Obama because of the artificially low FED interest rates. Unfortunately, at that time, the economy was also suffering. Trump's policies pulled us out of a predicted recession but the bond market has yet to recover.
This does not mean the bonds are a bad investment over the long run. Anyone thinking they are going to make a bundle short-term in Treasuries needs their head examined. Moreover using the bond market to somehow delegitimize a President is just plain propaganda.
When I talk about what has happened to the bond market, I'm just stating facts, not laying blame. If you want to blame Obama, blame Obama. I know that's how partisan politics work. My only point is that there are significant mixed signals in the economy, and Trump's success has been, to no surprise, overblown, and many of his followers are terribly mal-informed or worse.
I have to take this stuff seriously, which is why I don't like seeing intellectually dishonest games being played, whether it's by Hannity or Maddow. How anyone can possibly believe they're getting the straight scoop from these people is a mystery, and pretty freakin' disturbing.
I'm talking about THAT, not TRUMP.
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