Trump bemoans the "old days" after stock market losses

[Political Junky]

Another feeble attempt by Trump.

Trump bemoans the "old days" after stock market losses

Donald J. Trump‏Verified account @realDonaldTrump
In the “old days,” when good news was reported, the Stock Market would go up. Today, when good news is reported, the Stock Market goes down. Big mistake, and we have so much good (great) news about the economy!

6:59 AM - 7 Feb 2018

Why it matters: As Axios' Mike Allen reported yesterday, Trump made what many White House veterans considered the rookie mistake of repeatedly boasting about the peppy stock market, making the current losses a tricky spot for messaging. Meanwhile, Treasury Secretary Steve Mnuchin said yesterday, "The markets look like they're functioning normally."

 

[SassyIrishLass]

It's recovering as you whine, shitstain

 

[Mikeoxenormous]

Another feeble attempt by Trump.

Trump bemoans the "old days" after stock market losses

Donald J. Trump‏Verified account @realDonaldTrump
In the “old days,” when good news was reported, the Stock Market would go up. Today, when good news is reported, the Stock Market goes down. Big mistake, and we have so much good (great) news about the economy!

6:59 AM - 7 Feb 2018

Why it matters: As Axios' Mike Allen reported yesterday, Trump made what many White House veterans considered the rookie mistake of repeatedly boasting about the peppy stock market, making the current losses a tricky spot for messaging. Meanwhile, Treasury Secretary Steve Mnuchin said yesterday, "The markets look like they're functioning normally."

Back before Clinton destroyed the housing market by signing into Law the Subprime mortgage act, which put people who couldn't afford a home in a home, when bad news would happen like in 1987 the market would adjust down with the bad news. Same in 1999 when the DotCom bubble burst, market went down. Again in 2007 when Clinton's housing bubble burst.. So in comes Obama, who with QE forever, printed 4.5 trillion dollars of FAUX money at zero percent interest that liberals like Apple, GM and Amazon, could borrow that money and buy back their shares, driving up the costs of those shares without any good news backing the price hike. We was how fucked up it was, because when Janet Yellow(the Fed Bitch) would start talking about how the economy was starting to recover under Obama, the Market would tumble 300 points plus, then Yellow would then say, that she had to think about raising rates as she wasn't sure the economy was that good.. The market would recover, so good news under Obama was bad for the market, and bad news for Obama was good for the market.. We continue to see how President Trump has inherited a fucked up market and it will take a few years to iron the shit out...

Why Can't Yellen Raise Rates?

Consider how often she and colleagues have come to the brink of a systematic increase in interest rates, only to recoil. She was waiting for the unemployment rate to drop to 6 percent. According to Friday's jobs report, it is now 5 percent. Then for the so-called U-6 rate, which includes workers too discouraged to job hunt and unable to find full-time work, to drop, which it has, to the lowest level since 2014. Then she was waiting for the labor force participation rate to increase: it has. Then serial interest rate increases would have to wait for inflation to turn up. It has. Then she moved the goal posts again, waiting for wages to turn up: they have, with average hourly earnings up 2.3 percent in the past year. All in all, the 215,000 jobs created in March bring average job creation in the past twelve months to over 200,000, which as we say in New York, "ain't chopped liver." Yet she still fears to do it.

 

[Moonglow]

Another feeble attempt by Trump.

Trump bemoans the "old days" after stock market losses

Donald J. Trump‏Verified account @realDonaldTrump
In the “old days,” when good news was reported, the Stock Market would go up. Today, when good news is reported, the Stock Market goes down. Big mistake, and we have so much good (great) news about the economy!

6:59 AM - 7 Feb 2018

Why it matters: As Axios' Mike Allen reported yesterday, Trump made what many White House veterans considered the rookie mistake of repeatedly boasting about the peppy stock market, making the current losses a tricky spot for messaging. Meanwhile, Treasury Secretary Steve Mnuchin said yesterday, "The markets look like they're functioning normally."

Back before Clinton destroyed the housing market by signing into Law the Subprime mortgage act, which put people who couldn't afford a home in a home, when bad news would happen like in 1987 the market would adjust down with the bad news. Same in 1999 when the DotCom bubble burst, market went down. Again in 2007 when Clinton's housing bubble burst.. So in comes Obama, who with QE forever, printed 4.5 trillion dollars of FAUX money at zero percent interest that liberals like Apple, GM and Amazon, could borrow that money and buy back their shares, driving up the costs of those shares without any good news backing the price hike. We was how fucked up it was, because when Janet Yellow(the Fed Bitch) would start talking about how the economy was starting to recover under Obama, the Market would tumble 300 points plus, then Yellow would then say, that she had to think about raising rates as she wasn't sure the economy was that good.. The market would recover, so good news under Obama was bad for the market, and bad news for Obama was good for the market.. We continue to see how President Trump has inherited a fucked up market and it will take a few years to iron the shit out...

Why Can't Yellen Raise Rates?

Consider how often she and colleagues have come to the brink of a systematic increase in interest rates, only to recoil. She was waiting for the unemployment rate to drop to 6 percent. According to Friday's jobs report, it is now 5 percent. Then for the so-called U-6 rate, which includes workers too discouraged to job hunt and unable to find full-time work, to drop, which it has, to the lowest level since 2014. Then she was waiting for the labor force participation rate to increase: it has. Then serial interest rate increases would have to wait for inflation to turn up. It has. Then she moved the goal posts again, waiting for wages to turn up: they have, with average hourly earnings up 2.3 percent in the past year. All in all, the 215,000 jobs created in March bring average job creation in the past twelve months to over 200,000, which as we say in New York, "ain't chopped liver." Yet she still fears to do it.

So Reagan ruined the saving and loan banking industry? With your type of analogies and logic it works...

 

[pismoe]

i don't know , stock market goes up and it goes down , i think that Normal for the stock market isn't it ?? ------------ its still up 25 percent according to discussion i am hearing on tv right now .

 

[S.J.]

But I thought you lefties all said it was OBAMA'S stock market. Maybe that's only when it's up?

 

[Mikeoxenormous]

i don't know , stock market goes up and it goes down , i think that Normal for the stock market isn't it ?? ------------ its still up 25 percent according to discussion i am hearing on tv right now .

Yes, it is, all you have to do is go back to when the DOW Jones was created and you can see it start at 0 and then up and down, like a merry go round, yet always(as long as shitstains like Bernie Sanders doesn't win) goes up to 26,000. Warren Buffet said it could be 100,000 by 3035. That is a 4 times return on investments but I know many victims of liberalism who will sit by, saying, "shoulda, coulda, woulda". They will still be victims of liberalism in 3035.

 

[Mikeoxenormous]

Another feeble attempt by Trump.

Trump bemoans the "old days" after stock market losses

Donald J. Trump‏Verified account @realDonaldTrump
In the “old days,” when good news was reported, the Stock Market would go up. Today, when good news is reported, the Stock Market goes down. Big mistake, and we have so much good (great) news about the economy!

6:59 AM - 7 Feb 2018

Why it matters: As Axios' Mike Allen reported yesterday, Trump made what many White House veterans considered the rookie mistake of repeatedly boasting about the peppy stock market, making the current losses a tricky spot for messaging. Meanwhile, Treasury Secretary Steve Mnuchin said yesterday, "The markets look like they're functioning normally."

The Era of Easy Money Is Ending, and the World Is Bracing for Shocks

A decade-long era of easy access to money engineered by central banks in Asia, Europe and the United States was ending, opening a new chapter in which corporations would have to pay more to borrow and ordinary people would have to pay more to finance homes, cars and other purchases.

https://nypost.com/2016/01/17/occup...-massive-transfer-of-wealth-to-the-1-percent/

Surely if you inject $4.5 trillion into the economy, you will get economic growth. You will get a 4% to 5% increase in Gross Domestic Product for at least a year or two.

Yet the Obama administration is the first two-term presidency that has not posted a 3% GDP growth on an annualized basis for 8 years. Even Franklin Delano Roosevelt posted 3% growth year during the Great Depression.

The Financial Time Bomb, Obama has left to President Trump is going to be a tricky one to disarm, but I think the Don has the guts and brains(which Obama had neither) to iron out all the things required to get the market back on track..

 

[edthecynic]

Clinton destroyed the housing market by signing into Law the Subprime mortgage act, which put people who couldn't afford a home in a home

LIAR!
The 2 subprime mortgage laws were both signed by Republicans. The Alternative Mortgage Transaction Parity Act of 1982, signed by Reagan and the Housing and Community Development Act of 1992 signed by Bush I. The law that gave mortgages to people who couldn't afford them was the Dec 2003 ADDI, The American Dream Downpayment Initiative Act. signed by Bush II.

 

[Mikeoxenormous]

Clinton destroyed the housing market by signing into Law the Subprime mortgage act, which put people who couldn't afford a home in a home

LIAR!
The 2 subprime mortgage laws were both signed by Republicans. The Alternative Mortgage Transaction Parity Act of 1982, signed by Reagan and the Housing and Community Development Act of 1992 signed by Bush I. The law that gave mortgages to people who couldn't afford them was the Dec 2003 ADDI, The American Dream Downpayment Initiative Act. signed by Bush II.

Kudlow: Are the Clintons the real housing crash villains?

presidency.

Under Clinton's Housing and Urban Development (HUD) secretary, Andrew Cuomo, Community Reinvestment Act regulators gave banks higher ratings for home loans made in "credit-deprived" areas. Banks were effectively rewarded for throwing out sound underwriting standards and writing loans to those who were at high risk of defaulting. If banks didn't comply with these rules, regulators reined in their ability to expand lending and deposits.

I know you want to blame Bush for the 2007 meltdown, just like you wanted to blame Bush for 9/11 but as history tends to show, it was Bill Clinton who caused both...Game over.

 

[edthecynic]

Clinton destroyed the housing market by signing into Law the Subprime mortgage act, which put people who couldn't afford a home in a home

LIAR!
The 2 subprime mortgage laws were both signed by Republicans. The Alternative Mortgage Transaction Parity Act of 1982, signed by Reagan and the Housing and Community Development Act of 1992 signed by Bush I. The law that gave mortgages to people who couldn't afford them was the Dec 2003 ADDI, The American Dream Downpayment Initiative Act. signed by Bush II.

Kudlow: Are the Clintons the real housing crash villains?

presidency.

Under Clinton's Housing and Urban Development (HUD) secretary, Andrew Cuomo, Community Reinvestment Act regulators gave banks higher ratings for home loans made in "credit-deprived" areas. Banks were effectively rewarded for throwing out sound underwriting standards and writing loans to those who were at high risk of defaulting. If banks didn't comply with these rules, regulators reined in their ability to expand lending and deposits.

I know you want to blame Bush for the 2007 meltdown, just like you wanted to blame Bush for 9/11 but as history tends to show, it was Bill Clinton who caused both...Game over.

Right-wing lying is never over. Kudblow never tells the truth. The CRA made loans to QUALIFIED borrowers, it was Bush's ADDI that made loans to borrowers with BAD CREDIT for more than the property was worth and who earned at least 20% less than the average for the neighborhood they were buying into. Bush owns the housing crash no matter how many on the Right lie about it.

 

[Mikeoxenormous]

Clinton destroyed the housing market by signing into Law the Subprime mortgage act, which put people who couldn't afford a home in a home

LIAR!
The 2 subprime mortgage laws were both signed by Republicans. The Alternative Mortgage Transaction Parity Act of 1982, signed by Reagan and the Housing and Community Development Act of 1992 signed by Bush I. The law that gave mortgages to people who couldn't afford them was the Dec 2003 ADDI, The American Dream Downpayment Initiative Act. signed by Bush II.

Kudlow: Are the Clintons the real housing crash villains?

presidency.

Under Clinton's Housing and Urban Development (HUD) secretary, Andrew Cuomo, Community Reinvestment Act regulators gave banks higher ratings for home loans made in "credit-deprived" areas. Banks were effectively rewarded for throwing out sound underwriting standards and writing loans to those who were at high risk of defaulting. If banks didn't comply with these rules, regulators reined in their ability to expand lending and deposits.

I know you want to blame Bush for the 2007 meltdown, just like you wanted to blame Bush for 9/11 but as history tends to show, it was Bill Clinton who caused both...Game over.

Right-wing lying is never over. Kudblow never tells the truth. The CRA made loans to QUALIFIED borrowers, it was Bush's ADDI that made loans to borrowers with BAD CREDIT for more than the property was worth and who earned at least 20% less than the average for the neighborhood they were buying into. Bush owns the housing crash no matter how many on the Right lie about it.

Bwaaahhhaaahhhaaaaa....

25 People to Blame for the Financial Crisis - TIME

Among his biggest strokes of free-wheeling capitalism was the Gramm-Leach-Bliley Act, which repealed the Glass-Steagall Act, a cornerstone of Depression-era regulation. He also signed the Commodity Futures Modernization Act, which exempted credit-default swaps from regulation. In 1995 Clinton loosened housing rules by rewriting the Community Reinvestment Act, which put added pressure on banks to lend in low-income neighborhoods.

You libtards are just too fucking funny, especially how easy it is to make you look like a R-Tard.

 

[edthecynic]

Clinton destroyed the housing market by signing into Law the Subprime mortgage act, which put people who couldn't afford a home in a home

LIAR!
The 2 subprime mortgage laws were both signed by Republicans. The Alternative Mortgage Transaction Parity Act of 1982, signed by Reagan and the Housing and Community Development Act of 1992 signed by Bush I. The law that gave mortgages to people who couldn't afford them was the Dec 2003 ADDI, The American Dream Downpayment Initiative Act. signed by Bush II.

Kudlow: Are the Clintons the real housing crash villains?

presidency.

Under Clinton's Housing and Urban Development (HUD) secretary, Andrew Cuomo, Community Reinvestment Act regulators gave banks higher ratings for home loans made in "credit-deprived" areas. Banks were effectively rewarded for throwing out sound underwriting standards and writing loans to those who were at high risk of defaulting. If banks didn't comply with these rules, regulators reined in their ability to expand lending and deposits.

I know you want to blame Bush for the 2007 meltdown, just like you wanted to blame Bush for 9/11 but as history tends to show, it was Bill Clinton who caused both...Game over.

Right-wing lying is never over. Kudblow never tells the truth. The CRA made loans to QUALIFIED borrowers, it was Bush's ADDI that made loans to borrowers with BAD CREDIT for more than the property was worth and who earned at least 20% less than the average for the neighborhood they were buying into. Bush owns the housing crash no matter how many on the Right lie about it.

Bwaaahhhaaahhhaaaaa....

25 People to Blame for the Financial Crisis - TIME

Among his biggest strokes of free-wheeling capitalism was the Gramm-Leach-Bliley Act, which repealed the Glass-Steagall Act, a cornerstone of Depression-era regulation. He also signed the Commodity Futures Modernization Act, which exempted credit-default swaps from regulation. In 1995 Clinton loosened housing rules by rewriting the Community Reinvestment Act, which put added pressure on banks to lend in low-income neighborhoods.

You libtards are just too fucking funny, especially how easy it is to make you look like a R-Tard.

Like the typical worthless lying scum retard you are, you left this part out of your cite:
"It is the subject of heated political and scholarly debate whether any of these moves are to blame for our troubles"