Figures Don't Lie, but Liars Can Figure

American Thinker.com ^ | August 20, 2019 | Daniel G. Jones

[Kaslin]

Last week, two events of smallish note occurred. On August 13 and 14, the stock market suffered its biggest losses of the year. Also, an “inverted-yield curve” formed. The yield on the 10-year bond briefly slipped below the yield on the two-year note. By day’s end, the interest rates had righted themselves.

I didn’t realize it at the time, but the combination of these events foretold the end of the Trump economy. By the next day, the news was everywhere.

New York Times columnist Paul Krugman announced “Trump Boom to Trump Gloom” and added that “…an inverted-yield curve… predicted six of the last six recessions.” The Guardian asked: “Is a recession coming to the U. S.? Here’s what to watch for.” The Capitol Spectator noted: “The Bond Market’s All-In On Its Recession Forecast.” CNN declared: “A global recession may be coming a lot sooner than anyone thought.”

CNN also published an article titled “From Reagan to Trump: Here’s how stocks performed under each president.” They graphed the performance of the S&P during the administrations of the past five presidents.

Set against the four- and eight-year terms of his predecessors, Trump’s performance looks mediocre. And his modest 25% gain in the S&P to date puts him in the middle of the pack, ahead of only Reagan and last-place George W. Bush.

[Halgr]

No matter what happens to the economy...I WILL NEVER VOTE FOR A DEMOCRAT!!!

NEVER!!!!!!!!!

[I want the USA back]

The left is using those numbers to claim that the Trump recovery is actually going to be a stock market crash and that we’re all going to freeze and starve and die.

Using one index, such as the S&P or their favorite, the DOW, to describe the entire US economy is the mark of a small mind, or that of a democrat.

Besides, comparing numbers for one year to those of another year, without adjusting for inflation, is deliberately telling a lie.

So none of this means anything, and Trump has put Blacks back to work which is why the left hates him.

[Sam Gamgee]

Was partly Trump’s fault for tying his performance to the stock market. This article misses the fact that the equity markets now are little better than a casino, designed primarily for insiders to shift risk to Jill and Joe Six Pack. Look at the PE ratio of Netflix - a company now crowded on all sides for content. There is no way Netflix can now raise its fees without losing customers to other content providers but trades of 170 times earnings!