radiobed wrote:You obviously have no clue how the markets work. Trump was unexpected and the markets have made a sharp, distinct move since elected,
LMFAO, sure thing dumb ass. Promising a return to the policies that tanked the economy under Bush drove the markets to a record high. Thanks for telling us how markets work idiot.
radiobed wrote:
As for Obama, the high before the crash was 14k, he ended essentially 8 years later at 18k. GDP is crawling.
Thanks for another laugh dunce. The market is 19,800, not 18,000. The market reached 14K due to the housing bubble shit for brains. It was a bubble. The market is not now in a bubble, contrary to what Trump claims. GDP is not "crawling." Private GDP has grown 3%/year since the trough of the Bush recession in June 2009. It's great to parrot the crap you hear in the media but you'd be wise to educate yourself if you want to discuss these matters.
Private GDP Q3 2009: (14.3 - 3.1) = 11.2 trillion
Private GDP Q3 2016: (16.7 - 2.9) = 13.8 trillion
(13.8/11.2)^1/7 = 1.0302712492
http://bea.gov/iTable/print.cfm?fid=653 ... 9101519217
radiobed wrote:
We basically have kept the fed rate at zero to keep the economy on life support.
Wrong but once again you show that you merely parrot the crap you hear and don't know anything about economics. The Fed followed the market in cutting the funds rate to .25% and since inflation is low has had no reason to raise rates. The Fed raises rates to fight inflation. Since the economy is close to full employment and wages are raising, the Fed has raised rates twice.
radiobed wrote:Debt is at record highs despite no war and a decent market.
LMFAO, debt is always at "record high" dumb ass. You can add sovereign debt to the list of topics on which you are clueless. No war? Seriously? hahahaha......you're a joke. Of course Bush's tax cut and war had nothing to do with the debt accumulated under Obama and Trump will balance that budget with a tax cut and more defense spending. National debt increased 1.5 trillion dollars during Bush's final year in office. National debt grew from 9.2 trillion to 10.7 trillion during Baby Bush's last year. Look for a repeat under Trump/Putin.
https://treasurydirect.gov/NP/debt/sear ... dYear=2009
