The vaccine and moving closer to returning to normalcy is going to drive this market. Consumer confidence may be the single most important variable to drive economic growth
Furthermore, the financial markets love bailouts. See QE 1, QE 2, QE 3... they all failed at delivering economic growth, but the markets flourished
So we have two variables driving the markets. That's why I jumped back in after a short hiatus. I decided Biden's job killing measures won't overcome the vaccine and the bailouts
Furthermore, the financial markets love bailouts. See QE 1, QE 2, QE 3... they all failed at delivering economic growth, but the markets flourished
So we have two variables driving the markets. That's why I jumped back in after a short hiatus. I decided Biden's job killing measures won't overcome the vaccine and the bailouts
WW 1
WW 2
Korean War
Vietnam War
Yes, they do know how create wars and grow the markets
Bubba benefited from the technological revolution. Although I can't hate Bubba. He's not a clueless asswipe like Obama and Biden
Obama's economy was the worse economy since FDR's great depression, yet the financial markets grew. What does that tell you?
Hell, the financial markets grew like 600% during the great depression, yet they call it the great depression for some strange reason
Obviously, one shouldn't confuse economic growth and real wage growth with the an increase in the DJIA. That's simply not true
WW 2
Korean War
Vietnam War
Yes, they do know how create wars and grow the markets
Bubba benefited from the technological revolution. Although I can't hate Bubba. He's not a clueless asswipe like Obama and Biden
Obama's economy was the worse economy since FDR's great depression, yet the financial markets grew. What does that tell you?
Hell, the financial markets grew like 600% during the great depression, yet they call it the great depression for some strange reason
Obviously, one shouldn't confuse economic growth and real wage growth with the an increase in the DJIA. That's simply not true
It's low was 40 in 1932
It climbed as high as 200 in the mid 1930's
It ended the 1930's around 160
That's the amazing financial market growth I'm referring too, and it occurred during an Era known as the Great Depression
As much as 500%, finished at 400%
Sorry, was working off of longterm memory
It climbed as high as 200 in the mid 1930's
It ended the 1930's around 160
That's the amazing financial market growth I'm referring too, and it occurred during an Era known as the Great Depression
As much as 500%, finished at 400%
Sorry, was working off of longterm memory
Uhh, you two liberals missed Willie's entire point.
The stock market is not the economy.
The economy depends on millions of factors that can have both a positive and negative impact, while the stock market is only affected by one factor, the supply and demand of stocks.
If you measure presidents based on how "the markets" perform, you're just as economically-illiterate as Obamaphone Lady and AOC.
The stock market is not the economy.
The economy depends on millions of factors that can have both a positive and negative impact, while the stock market is only affected by one factor, the supply and demand of stocks.
If you measure presidents based on how "the markets" perform, you're just as economically-illiterate as Obamaphone Lady and AOC.
No shit
And we don't have to go back to the 30's to see this phenomenon. Just look at the Obama years. The worst extended period of economic malaise since the great depression, yet the financial markets did well
Such a simple argument, and yet it flies right over their heads.
I'm being as respectful as I possibly can be here, I'm just going to leave it at that.
Market growth does not equate to economic growth. Society needs economic growth. Everyone benefits from economic growth. A minority, usually higher income individuals, benefit more from market growth
Yes, after Biden killed thousands of high paying jobs and increased energy costs with one stroke of the pen, I was pissed
Because I actually care about people, high paying jobs and economic growth.
Imagine that
Willie, nothing went over my head. i questioned your one statement that i highlighted in red in your post that stated " Hell, the financial markets grew like 600% during the great depression, yet they call it the great depression for some strange reason.That was the only thing i questioned. Then i get called a liberal by the sheriff and you saying it went over my head. Go ask all those very smart people you have as clients and tell them the financials markets went up 600% or even 300% during the great depression and see what they tell you. Unbelievable.
Valium, my mocking disrespect wasn't directed at you, but more so at one of my biggest fans here. Everything flies over his head
During the 30's, an era they call the Great Depression, the stock markets surged. Be it 300% or 400% or 600%, they soared. Imagine if the DJIA closed at $ 100,000 in seven years or so, that's soaring. All the while we had massive unemployment and weak economic growth despite FDR spending records amounts of money on government projects and government programs. There's no spinning the truth, that's the hard core reality
Market growth does not equate to economic growth. We've seen extreme examples of that in the 30's and then again between 2009 and 2016.
In the Obama years, we had QE1, 2 and 3 propping up the markets. We had companies cutting costs (layoffs) improving their bottom lines. We had companies cutting back on R & D (hoarding cash). Those actions helped the stock markets, but don't grow the economy. Businesses were afraid to take chances
During the 30's, an era they call the Great Depression, the stock markets surged. Be it 300% or 400% or 600%, they soared. Imagine if the DJIA closed at $ 100,000 in seven years or so, that's soaring. All the while we had massive unemployment and weak economic growth despite FDR spending records amounts of money on government projects and government programs. There's no spinning the truth, that's the hard core reality
Market growth does not equate to economic growth. We've seen extreme examples of that in the 30's and then again between 2009 and 2016.
In the Obama years, we had QE1, 2 and 3 propping up the markets. We had companies cutting costs (layoffs) improving their bottom lines. We had companies cutting back on R & D (hoarding cash). Those actions helped the stock markets, but don't grow the economy. Businesses were afraid to take chances
