Posted on 10/21/2017 9:05:19 AM PDT by 2ndDivisionVet
After crossing the 23,000 line this week, the Dow is up nearly 5,000 points, or about 27 percent, since Election Day. It wouldn’t be there under a President Hillary Clinton or a Jeb Bush.
No: Much of the credit has to go to the uncompromisingly pro-business President Trump — the antithesis of what the nation had seen the prior eight years.
Nor is it just the stock market: Consumer confidence and economic optimism are up. And the Labor Department reports that claims for unemployment just dropped by 22,000 to 222,000 — the fewest since March 1973.
And while, as Charles Gasparino noted in Friday’s Post, a crashing failure on tax reform could shock the markets, the boom isn’t simply about hopes for tax cuts. It’s based on real White House work in rolling back regulation, and the promise of more ahead.
Indeed, Trump has been more aggressive on deregulation than any president since Ronald Reagan. By July, the White House said it had stopped more than 800 Obama-era regulations that were in the works. And it doesn’t seem to be letting up.....
(Excerpt) Read more at nypost.com ...
“Crickets” about this, from the MSM; but if Markets drop - out come the megaphones and crying towels.
Much of the rise in the stock market and choice real estate is the result of the huge inflow of capital from Asians and Europeans seeking the security of the United States that still legally respects the private property rights of individuals.In short the world’s rich ( and not so rich) feel much safer with their wealth invested in the United States than their homelands. This infusion of capital is buttressing the American economy.
Media tried for 8 years to sell the lackluster Obama economy as ‘the new normal’.
In less than one year, the Trump economy has blown the old ‘new normal’ out of the water.
If he owns it on the way up, it will be all his on the way down.
This is a double edged sword.
Imagine what will happen when the 2 plus Trillion parked oversea is brought back!
The rising market is the reason Republican’s HAVE TO, MUST, WILL pass tax cuts/reform. A collapsing market will hurt Republican donors as much as anybody else. They’ll make these tax cuts, which are already now built into the market, get implemented.
If he owns it on the way up, it will be all his on the way down.
This is a double edged sword.
No. I think it is a double standard. Democrats own markets on the way up, Republicans own markets on the way down.
I’ve heard about this affecting our real estate markets too.
I’ve heard that Chinese people are buying real estate in America. They want to move their assets out of China. China is still a repressive totalitarian country, in spite of free market reforms there.
I personally know someone who sold a house in Irvine, California, to a Chinese buyer, for above asking price, in an all cash sale.
Michael Moore has said that this cash from overseas is a national resource, and should be used for a littany of liberal causes.
Just saying, the liberals have a very different view of what should happen to that cash.
Roth IRA withdrawals don’t get taxed. Does this mean we should put it all in stocks like the S & P 500? If you have a Roth I’m sure you have other assets.
Trump stood him down, defied his attack and showed the nation he would not be intimidated.
If the Government starts taking the overseas cash to spend on Liberal causes, then that money will dry up pretty quick.
Why would foreigners send their money to the US just to have it taken.
Liberals destroy everything they get their hands on.
Bill Kristol, is that you?
“If he owns it on the way up, it will be all his on the way down.
This is a double edged sword.
No. I think it is a double standard. Democrats own markets on the way up, Republicans own markets on the way down.”
I am surprised that the democrats haven’t taken credit and giving it to ‘obama’s policies for the rise in the stock market.
What you is true and has always been true.
Potus gets credit or not for whatever happens on his watch.
You are correct.
And valuations right now are uncomfortably high. PE ratios on typical blue chips, especially growth stocks are getting into 1989 Japan territory.
In fact, our stock market is beginning to remind me of Japan in the 80s. The typical large cap stock today is becoming an extension of the politics of the DNC.
This happened due to lawsuits and intimidation. Then it happened by graft. Then it happened by fraudulent IPO’s, and fake accounting.
Trouble is brewing...
What would really be justice is if POTUS went on television and said he was taking positions opposite Soros’ in the market and that all MAGA lovers should jump on that bandwagon to the tune of a fraction of a percent if they could afford the risk.
The loss potential for the kind of short positions Soros undertakes is essentially unlimited, and a lively collective short raid on him by America lovers would wipe him off the map. Unfortunately he’s got a lot less to lose now that he recently disgorged 80% (~18 billion) to his Open Society foundation and the foundation probably invests much more conservatively and among assets the rest of us tend to hold.
That foundation now has the resource base to do widespread damage to liberty across the globe unless/until the FEDs get around to taking those assets under something like RICO or it having originated from a treasonous sack of shit...
What if we ALL were allowed to take $100k out of our IRA’s UNTAXED? It’s our money. Tax break for the rich. Tuff titty. If the economy grows there’s something in it for everybody.
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