A Guide For Democrats: pic.twitter.com/ialW6nlTKq— MARK SIMONE (@MarkSimoneNY) January 1, 2020
Posted on 01/02/2020 7:19:05 AM PST by JV3MRC
For all the media brouhaha over an imminent recession in 2019, President Donald Trump’s economy has continued to stupefy prognosticators going into the new year. The Wall Street Journal reported Jan. 1 in a piece headlined “The Bull Market is Charging into 2020,” that stocks across the globe “closed out one of their best years over the past decade, defying money managers who began 2019 expecting the bull market to be upended by threats from the U.S.-China trade fight and a slowdown in growth.” Stock indexes in the U.S., as well as Brazil and Germany, were up more than 20 percent in 2019. The Journal noted that unlike prior runs of this sort, “few see the rally ending soon.” And CNBC reported Dec. 31, 2019 that “Goldman Sachs is saying the economy is nearly recession-proof."
(Excerpt) Read more at newsbusters.org ...
I’m almost conspiracy enough to suggest that the 1929 stock market bogeyman was an engineered take down of the USA in order to usher in massive government control of the economy.
As this election year goes on, expect economy/stock market DOOMSDAY stories to be widespread in the media.
We will not have a recession under Trump. It will only get better, even if the media don’t mention it.
But the numbers may not go up every month. Unemployment numbers won’t ever go to zero. There is normal fluctuation in the numbers, and that is not unusual. The DOW might go down for a month! Unemployment might go up for one period!
You can’t expect a batter to surpass his record every game. Sometimes he does better, sometimes worse. Panicking when he’s worse is stupid, because next game he will do better.
But with the economy, you can be sure the media will have an orgasm on live TV if the numbers ever turn in the other direction for one month! We won’t hear the end of it! It will be “The Trump Recession.” Remember “The Bush Recession”?
At least the left has stopped with the “this is Obama’s economy”.
.
At least there’s that.
It'll continue to be great through early 2025, and thereafter depending on what happens in November 2024.
“Despite Media Predictions”
More like media hopes.
The American economy runs on consumer confidence.
A USA TODAY/Suffolk University Poll this month asked Americans if they thought things would get better or worse in their own lives in 2020. By an overwhelming 80% to 11%, they predicted their lives would be better. That optimism stretched across demographic lines, although men had a more positive outlook than women (83% vs. 76%) and Southerners a more positive outlook than Midwesterners (84% vs. 74%).
The market will remain strong as long as Trump gets re-elected. A socialist President will devastate our economy if elected.
Recession proof? The fed could make it happen. Let’s not get too confident. Man the battle stations until this election is over!
If the economy fails under a Democrat it is “Unexpected”
If it thrives and breaks records under a Republican it is “Unexpected”.
Seems these experts are anything but experts.
Seems these experts are anything but experts.
Just self described. Sitting in their ivory tower they are victims of their echo chamber.
Nothing is recession proof; however, the economy is stronger than it has been in a long time, all due to the policies and leadership of the current WH. (Especially after the last shitty administration.)
A Guide For Democrats: pic.twitter.com/ialW6nlTKq— MARK SIMONE (@MarkSimoneNY) January 1, 2020
Once the title of expert is bestowed it seems irrevocable. The media continues to avail themselves of their services regardless of the accuracy of past performance. It would be great if some entity would put together a record of correct/incorrect predictions by these prognosticators of everything economic to political and environmental.
The Left is evil enough to try engineering a market crash a few months before the election, by any means necessary.
The good economy is making them even more deranged, if that’s possible.
They must be exhausted from constantly rooting against Trump and the USA for 3 solid years.
29 was caused by easy money in the form of margins on stock purchases. IIRC margins were as low as 10 or 20%. When a pullback happened the margin calls crashed the market.
I love how the media tries to dump on our powerhouse economy right now. If Hussein had numbers a quarter this good, there would’ve been dancing in the streets. Actually, he was taking a loss, that’s what stagnation is. If you’re sitting dead stopped while growth passes you by, you’re in the red. It’s the same concept that your bank account balance has to increase with the rate of inflation just for you break dead even. If it’s not, you’re taking a loss.
Put a dent in the corrupt MSM... break up the malicious telecom operators Comcast and ATT!
Hard to say. Herbert Hoover was all for government control, too. He raised taxes on “the rich,” but not as high as FDR.
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