He crowed and preened every time the market went up during his last term. He said it was solely because he was President. And when he wasn't President and the market went up, he said it was because he was going to be President.
So do you think he'll take the blame for this ongoing crash? Or will he blame Democrats/Biden/space aliens?
Originally posted by: Kevin Lewis
He crowed and preened every time the market went up during his last term. He said it was solely because he was President. And when he wasn't President and the market went up, he said it was because he was going to be President.
So do you think he'll take the blame for this ongoing crash? Or will he blame Democrats/Biden/space aliens?
As though there hasn't been a massive bubble in the market for decades, don't be an idiot and think he will be solely responsible if the bubble pops.
Perhaps it needs to so the next generation can buy homes and stocks. If it does it will suck, but the rigged market will self correct at some point regardless of who is President.
Originally posted by: Inigo Montoya
As though there hasn't been a massive bubble in the market for decades, don't be an idiot and think he will be solely responsible if the bubble pops.
Perhaps it needs to so the next generation can buy homes and stocks. If it does it will suck, but the rigged market will self correct at some point regardless of who is President.
His policies are what is causing the market to drop. There was literally a split screen of him talking up how wonderful his tariffs were going to be and the market dropping as he droned on about it.
The coming economic catastrophe will be on Donald Trump and his supporters. Those of us with some understanding of how economics work, knew what was going to happen if policies like his were implemented.
Originally posted by: Inigo Montoya
As though there hasn't been a massive bubble in the market for decades, don't be an idiot and think he will be solely responsible if the bubble pops.
Perhaps it needs to so the next generation can buy homes and stocks. If it does it will suck, but the rigged market will self correct at some point regardless of who is President.
Presidents have historically had little long-term impact on the markets. The tariffs being implemented today are having a direct impact on the markets, no two ways about it. It will be a matter of time before we see if they have a long-term impact.
I've bought cell phones, a vacation, and furniture ahead of the tariffs, unfortunately, our plans for a redesigned 2025 4Runner may be in peril. The 4Runner is just beginning to arrive in the US, my auto broker says allocation to the dealers will be increasing in June, if there's a 15% to 25% tariff on them, we will not be buying. We have been planning this purchase for about a year and a half, we will not be the only ones that sit on their cash while the economy goes into a recession.
I do think it's funny how MAGA pointed to the stock market during Trump's first term as an indicator of how good the economy was, Trump said it would crash under Biden. MAGA then ignored the gains in the market during the Biden Administration until they couldn't any longer, pivoting to, "that doesn't help the average Joe, just the elites" to dismiss it and then saying, "the markets climbing because Trump will win the election".
Then just recently, a MAGA poster on this board proclaimed, "I enjoyed the Trump bump in the markets today!". I forgot who it was, but it was definitely not David, so it was one of the other MAGA folks.
Originally posted by: MaxFlavor
I do think it's funny how MAGA pointed to the stock market during Trump's first term as an indicator of how good the economy was, Trump said it would crash under Biden. MAGA then ignored the gains in the market during the Biden Administration until they couldn't any longer, pivoting to, "that doesn't help the average Joe, just the elites" to dismiss it and then saying, "the markets climbing because Trump will win the election".
Then just recently, a MAGA poster on this board proclaimed, "I enjoyed the Trump bump in the markets today!". I forgot who it was, but it was definitely not David, so it was one of the other MAGA folks.
The Fed has more impact on the market than anything, with their front running and manipulation of stocks and managing interest rates.
Originally posted by: Inigo Montoya
The Fed has more impact on the market than anything, with their front running and manipulation of stocks and managing interest rates.
No they don't, but go ahead and buy gold, I'll collect my dividends and capital gains.
Originally posted by: Inigo Montoya
The Fed has more impact on the market than anything, with their front running and manipulation of stocks and managing interest rates.
No they don't, but go ahead and buy gold, I'll collect my dividends and capital gains.
Originally posted by: MaxFlavor
No they don't, but go ahead and buy gold, I'll collect my dividends and capital gains.
Yes they do, and this is just one of their overt methods
https://www.federalreserve.gov/monetarypolicy/openmarket.htm
Originally posted by: Inigo Montoya
Yes they do, and this is just one of their overt methods
https://www.federalreserve.gov/monetarypolicy/openmarket.htm
You are insane if you believe the current state of the stock market and other financial indicators is to do with the Fed rather than Trump. He is destroying the economy because his stupid barstool belief that Federal Income taxes can be replaced by tarrifs.
It is a hefty national sales tax and with so many things going up in price by 25% we are headed towards economic catastrophe. All so Billionaires like Trump and Elon can get a tax cut.
