Erik misses Helicopter Ben.
The gigantic spike at the end of Obama’s term had absolutely nothing to do with Obama. That was all Trump and to pretend otherwise is a out and out lie
More garbage #FakeNews from garbage Media boy Erik Sherman.
How to Lie with Statistics 101.
“to his initial inauguration day”
This throws the big Trump election rally into the Obama camp.
Yes amazing, when the Fed manipulates the Market with Quantitative easing, how you can manufacture imaginary on paper wealth for the richest one 1% but screw everyone else
I will take real middle class economic growth over market manipulation for political reasons to feed billionaires
https://www.atr.org/thanks-trump-median-household-income-highest-level-ever
Thanks to Trump, Median Household Income at Highest Level Ever
What happens when you remove the artificial gains due to QE 1 and 2?
I saw this the other day. I know that all investors, all people really, look back to those golden days of the Obama administration and economy. Everyone who wanted a job, had a job. Everyone got free medical coverage under ObamaCare—our nation was respected/feared around the world. It was a Golden Age to tell our grandkids about. (Do I really need to add a sarcasm note?)
Obammy was lazy, watched basketball all day... he didn’t go sh*t for the economy except destroy it.
Completely ridiculous. Scale is essential for accurate visualization of a graph. Obama is 8 years, Trump is 3 or less.
Did Michael Mann do this graph?
For Obama, they should not start with his inauguration day. Instead, they should start counting at the point before where he and his pushed the stimulus disaster upon us. That was the point where things started downhill because of him.
Obama had the benefit of an extremely oversold market that snapped back from 2009. I remember the financial shows screaming buy at the time.
AThen we compared the same periods for both presidents: from inauguration on January 20 to Oct. 31 in their third year of office.
Because the market had already run up a long way before Trump was elected, the absolute numbers would be misleading. Instead, Fortune compared the performance under each president to his initial inauguration day to get an accurate comparison of growth under each.
SO it's fair to say "the market had already run up a long way before Trump was elected" which you could solve for by measuring from the day he was elected. But then they switch to saying they measured from "his initial inauguration day".
That's a conspicuous non-sequitur.
And this phony analysis is very typical of Democrat shills like Forbes.
The market is inherently forward looking. People buy a stock today based on the money they PREDICT it will make over the next several years. So when Trump was elected the market screamed up. Not because Obama gave the economy an extra special push in his last days in office but because investors believed that Trump would revive corporate earnings. Which he did in spades.
Tomorrow’s analysis: “Unemployment is at a 50-year low, and at record levels for blacks and Hispanics. But the job market was far better under Obama.”
The Federal Reserve kept the Federal Funds rate essentially flat for nearly the entirety of Obama’s presidency. This was a great economic tailwind for him. The moment Trump came into office they started raising rates and continued to do so until late summer 2019.
https://www.macrotrends.net/2015/fed-funds-rate-historical-chart
“Because the market had already run up a long way before Trump was elected, the absolute numbers would be misleading. Instead, Fortune compared...”
Which means the markets shot up like a rocket as soon as Trump won the election and they wanted to that increase to O’Bastard, so they pulled something out of their ass and said ‘Orange man bad’.
I don’t know if anyone remembers, but when Obama was president, the news was that there was a major disconnect between the markets and the economy. The economy was being drained and all those dollars were being thrown into the markets.
This libtard writer gives Trumps election bump to Obama
Trump in 32 months is up around 12-1300 points on the S&P
Obama went from around 690 looks like to 1800 in 8 years
What a poppycock article
Of course it looked good. Obama was pumping FUTURE TAX PAYER (BORROWED) MONEY into the financial markets at an exorbitant rate with his “Quantitative Easing” program. . . Propping up the bond markets for his financial backers on Wall Street. This freed money to be invested in the Stock Market.