Posted on 02/01/2018 1:26:21 PM PST by richardb72
“What is good for the United States is good for the rest of the world,” has been Treasury Secretary Steven Mnuchin’s mantra. Americans know how stock prices have exploded in the United States since President Trump’s election, but stock prices started rising at the same time around the world.
To the shocks of Trump’s American opponents, he was greeted by the international elites at the gathering in Davos, Switzerland as almost a conquering hero. Meanwhile, George Soros told people at the meetings that he thought that Trump was a “danger” to the world.
So many people view economics as a “zero sum” game. If the United States wins, others must lose. But a wealthier US turns out to be good news for the entire world.
Since the 2016 election, the Dow Jones Industrials Average has soared by over 8,000 points, or 44 percent. In the year prior to the election, under Obama, the increase was only two percent. The post-election gains are equal to 93 percent of those made in the entire eight years following Obama’s 2008 election. America has gained $7.7 trillion in wealth, or about $24,000 per American. The market hasn't performed so well since 1975.
But Nov. 8, 2016 wasn’t just a magical date for U.S. stocks. Stocks around the world started soaring at exactly the same time, and have now grown by 34 percent since the election. In the preceding year, world stocks rose by only three percent. The timing of the worldwide stock market matches perfectly the change for the U.S.
This growth has occurred in more than a few national stock markets. Japan (29 percent), Hong Kong (44 percent), India (35 percent), South Africa (23 percent), England (12 percent), France (22 percent), Germany (21 percent), and Spain (23 percent). . . .
(Excerpt) Read more at thehill.com ...
Sure looks like you are only here to promote your own material.
http://www.freerepublic.com/tag/by:richardb72/index?tab=articles
That’s pretty scummy isn’t it.
Do you make lots of money abusing Free Republic that way?
A rising tide lifts all boats. But Democrats can’t stand the idea that some boats will rise higher than others. Not fair. Better we scuttle the lot of them.
Term limits!
Term limits!
Until such time as these awe-inspiring gains in the stock market actually improve wages, I remain somewhat aloof to the excitement.
The markets have been on a real tear, but wages have stagnated for decades. Something is going to break.
Good article. Thanks for posting, I would not have seen it otherwise.
Excellent news!
John Lott, Jr. is not posting this and if he was, we’d be pleased.
Hum, you are acting crazy without a cause. Stop being hostile.
He never contributes anything to the debate. What a drone.
Great article. Thanks for posting!
You seem to have not seen the article history.
http://www.freerepublic.com/tag/by:richardb72/index?tab=articles
Yeah, it’s a link. Click it.
don’t worry.... it’ll trickle down
Hum gives you nothing to think about, while seeming crazy.
What is it that you would like me to contribute, and to what debate?
Do you often post about people without pinging them?
Do you see how that defines you as a cowardly piece of crap?
Bumping this article. Thanks for posting it, don’t pay attention to any sphincters.
Your post 10 was disgusting. Seems to me that comment you make is negative.
For starters.
“Your post 10 was disgusting. “
Yeah, I didn’t make post #10.
http://www.freerepublic.com/focus/news/3628228/posts?page=10#10
Try to pay more attention.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.