General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsThe only thing that will peel off Trump's soft support is a market slump.
I'm not wishing for or predicting one. Everything else is commentary.
As long as the trains are running on time... Let's just hope there aren't cattle cars.
C_U_L8R
(45,040 posts)Thanks to Trumps idiotic economic policy.
DemocratSinceBirth
(99,719 posts)-John Maynard Keynes
no_hypocrisy
(46,312 posts)The Democrats caused you to lose your home!" and they'd believe it.
DemocratSinceBirth
(99,719 posts)Trump's rabid devotees would follow him to Hell. They would eat shit if liberals had to smell it.
ProgRocknProgPol
(143 posts)After my (overblown) worrying about Spanky's approval boost from the Korean "cooldown" (photo-op), I realize thanks to the fine folks here than GOTV is paramount now.
DemocratSinceBirth
(99,719 posts)elleng
(131,416 posts)MARKET SNAPSHOT 3:58 PM
S.&?P. 5000.19%
DOW0.39%
NASDAQ+0.02%
DemocratSinceBirth
(99,719 posts)The markets like the fact that Trump has loosened regulations. They have short memories. It was rampant speculation due to lax regulation that precipitated the Great Recession and the Great Depression.
elleng
(131,416 posts)just grabbed it 'cause it's here.
DemocratSinceBirth
(99,719 posts)If I had spare money lying around I would bet this will be the first down year for the broader markets* since 2009.
* I believe the S&P and Dow were down a tiny bit in 015 but the broader market went up a tiny bit.
cannabis_flower
(3,769 posts)that there is a housing bubble that may be about to burst.
unblock
(52,503 posts)It's not likely imminent, but combine a very long expansion with rising interest rates and you've got a combination that historically leads to recession.
Not in time for the midterms, though.
DemocratSinceBirth
(99,719 posts)unblock
(52,503 posts)Mostly sector rotation.
DemocratSinceBirth
(99,719 posts)exboyfil
(17,865 posts)Of course except for consumables and replacing broken stuff, I.am already at that point.
quartz007
(1,216 posts)Trump is nothing more than a snake oil salesman. US treasuries holdings by all major foreign countries are being reduced, with Russia cutting their holdings in half!
The ugly big taxut awarded to richest 1% is exploding national debt every quarter, which means the US$ is in danger of losing value rapidly. The tax cut is not going to expand economy anywhere near enough to balance budgets.
I am sure you all are seeing inflation in groceries, rents, electricity, gas, property taxes, healthcare costs etc. accelerating. FED is increasing interest rates 3 times in 2018, with 3 more expected in 2019.
As interest rates and inflation reach critical mass, stock market will not escape a significant correction. I estimate the time will be fall of 2020, just before the presidential election.
Awsi Dooger
(14,565 posts)Otherwise November is going to be a disappointment, given the overboard expectations.
Obama had the economy primed to boom. Trump inherited it instead of Hillary. That's the sad reality, along with some benefit to corporations based on the tax cuts that will help investors now and hurt the country later.
All of the Economic Confidence Index numbers are near record high right now. And a new report released today indicates that lower income Americans are feeling considerably better about the economy. I've already seen right wingers chirping about that report on other sites. Those are the voters we need but if nothing happens until November then a segment of them will be peeled away.
It is better to understand this than to be in denial. I am heavily invested in the stock market but am willing to face a correction in the fall if it helps our chances in the House and governorships.
Make no mistake, Republicans will find a way to get rid of the Affordable Care Act if given another chance after surviving the midterms.