Posted on 01/25/2020 8:16:55 PM PST by E. Pluribus Unum
The U.S. economy is in the midst of the longest-running expansion in its history and would likely see further upside if President Trump secured a second term.
With a record 127 consecutive months of expansion and an unemployment rate at a 50-year low of 3.5 percent, the economy has been bolstered by Trump’s Tax Cuts and Jobs Act, which lowered the top corporate rate from 35 percent to 21 percent and reduced personal income taxes for many Americans.
Getting four more years of similar policies isn't a foregone conclusion, though, with the election only 282 days away and Trump undergoing an impeachment trial in the Senate and lagging likely Democratic rivals in national polls.
If the real estate mogul does win another four years, "we’d expect both fiscal and monetary policy to remain loose, amid a push to install a more dovish Fed chair in 2022,” wrote Michael Pearce, senior U.S. economist at Capital Economics.
Pearce says that Republicans winning back control of the House, which Democrats captured in 2018, would “open the door to a second, more modest round of deficit-financed tax cuts.”
Larry Kudlow, director of the National Economic Council, told FOX Business’ Stuart Varney that the administration wants to aim at “even faster economic growth going out in the president’s second term” by making some tax cuts permanent and potentially adjusting the earned income tax credit for low to moderate earners.
On the monetary policy front, it’s no secret that Trump hasn’t always seen eye-to-eye with Jerome Powell, his handpicked Federal Reserve chairman, repeatedly saying the central banker was too fast in raising rates and too slow in cutting them.
(Excerpt) Read more at foxbusiness.com ...
The stock market scares me enough as high as it is now.
Sure could!
Or we could elect an utterly insane lunatic mad Democrat and totally destroy our country.
I sure would not want to have to listen to Elizabeth Warren’s hysterical breathless voice for four years,
Patriots need to elect a new patriot Congress that will promise to fully support PDJT’s already excellent work for MAGA, now KAGA (Keep America Great Always!).
How can you be sure Q didn’t hack Krugman’s computer and write that gibberish. After all, that’s how all that kiddie porn got on his computer.
All eyes are on China
Yeah, we missed out on the huge stock gains. By 2016, I was concerned about whether the DEMs had permanently damaged the economy. Most of our 401(k) and IRA money has been in bond and TIPs funds. We’ve still done fine. Just nowhere near as well as those who have been stock heavy on their allocations.
WAAAY too much winning.
But I second the idea of the earlier poster: We MUST get a friendly Congress...no matter how many dead Republicans we can dig up.
It's grown. That only happens if you take it from someone else. So which widow, person of color or gay suffering under hetero oppression did you steal it from? Or did you invest in companies that destroy the habitat, kill furry animals and encourage the furry animals they don't kill to go seek anti-gay counseling? (I think that covers it all...)
Well?
My fear is that close to the election people will move their retirement money to safer investments incase the Dem wins causing the market to tumble. If the market plunges before the election Trump loses, ironically if Trump loses the market crashes.
A turbocharged economy would be too lagging.
I would call it Naturally Aspirated.
People will probably move money out of the markets in droves if they think Trump might lose or he actually loses the election. I’m sure I’m thinking like a lot of other investors in this regard, so yes. Fortunately, I think most people are pretty sure he’s not going to be impeached and also believe he’s going to be reelected.
Did you know the Democrats put a clause in the articles of impeachment that prevents Trump from ever holding public office again? That seems to indicate they fear he’d run and be reelected, so they are throwing out all the stops to try and prevent it.
I’m retired and at about 40% bonds and 60% stocks. We withdraw some of our gains each year. We still have more than we did in 2016.
Yes, patriots need to elect a Congress that is more interested in protecting the electorate that put them in office than their own corrupt business dealings that they are using to feather their own nests.
In 2020, in most cases, vote ANTI-INCUMBENT.
It's not the height of the market or an individual stock that matters.
It is the price to earnings ratio.
If the P/E is around 17, the stocks aren't under or over priced.
I means corporations are actually making money, a decent return on investment.
If the P/E becomes some really high number, say 100 to 1. the stock(s) is/are overprice by over exuberant speculation.
All the North Carolina farmers switching from corn, soybeans, cotton and row crops to sod are banking on Trump mega economy for the next 5 years.
“lagging likely Democratic rivals in national polls”
totally laughable given that the likely candidates are an ancient avowed lunatic communist, an ancient mentally-addled crook who makes zero sense half the time he’s speaking, and a fake indian whose proposed policies are even more insane than the avowed lunatic communist ...
ESPECIALLY given the turbocharged economy, full employment, rising wages, hugely increased 401(k) plans, etc. ... AND that anyone with even half a brain knows that electing any one of the above three would completely crash the economy in less than six months ...
Hillary still has a 98% chance herself.
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