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SamSpade

Joined: 9/1/96 Posts: 3035
Likes: 654


Equivalence!...


The Dow is a mostly meaningless measuring stick. 30 companies compared to the thousands on all the exchanges.

The stock markets during the Trump presidency has added over $7 trillion dollars in market cap value in 20 months adding $991 billion a year in debt.

BO added $12.8 trillion in eight years while almost doubling the debt to $19.9 trillion ($1.16 trillion a year) and putting another $4.5 trillion in debt off the books in multiple rounds of quantitative easing. During most of the Obama reign, the country had zero interest money and $2 gas. The economy was obviously in a huge hole and needed extraordinary measures to rebound but he had tools that are not customarily used by any President.

A feather in the Trump's cap so far is the markets are holding their own while US and China are in a critical trade war that we haven't seen the likes before. Even Chuck Schumer gives him props on that issue.

So many legit things to criticize the Donald on, the stock market to date, is not one of them.

(In response to this post by hawg1)

Posted: 08/13/2019 at 3:56PM



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Current Thread:
 
  
The Dow... -- hawg1 08/13/2019 01:07AM
  Equivalence!... -- SamSpade 08/13/2019 3:56PM
  Man, Trump is a market manipulator. ** -- hawg1 08/13/2019 1:04PM
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