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Thread: Dow

  1. #1051
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    Quote Originally Posted by blackcap View Post
    I think you will find his re-election chances will be fine either way. Lowest unemployment since 1969 in the US currently, 263k jobs created last quarter (or was it month) and the Dow up 40% odd since his election. He is polling better now than he did on election day 2016 and the markets are pricing in a Trump victory in 2020.
    Heaps of other achievements like ISIS defeated (something Obama did not want to do or could not do) seemed so simple in hindsight, many court judges appointed and the Senate keeps confirming them (that is why Trump put emphasis on winning the Senate not the House), Black and Hispanic unemployment at record lows too. The US just keeps on winning.
    Gallup - Presidential job approval at this point in the first term:
    Carter 37
    Reagan 43
    HW Bush 76
    Clinton 51
    W Bush 70
    Obama 44
    Trump 46

    Suddenly Trump is higher than Carter, Reagan, and Obama in approval via Gallup. Pretty stunning considering where Trump's approval has been.
    Indeed. A truly wonderful, model president whom Americans can be extremely proud of.

    https://www.stuff.co.nz/world/americ...-not-president

  2. #1052
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    Quote Originally Posted by fungus pudding View Post
    Indeed. A truly wonderful, model president whom Americans can be extremely proud of.

    https://www.stuff.co.nz/world/americ...-not-president
    Ah yes a Stuff story on Trump. Let me guess, um CNN, The Washington Post, NY Times? One of those 3 no doubt. Not worthy of the paper it is printed on. No bias there surely.

  3. #1053
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    Quote Originally Posted by blackcap View Post
    ... The US just keeps on winning.
    Gallup - Presidential job approval at this point in the first term:
    Carter 37
    Reagan 43
    HW Bush 76
    Clinton 51
    W Bush 70
    Obama 44
    Trump 46

    Suddenly Trump is higher than Carter, Reagan, and Obama in approval via Gallup. Pretty stunning considering where Trump's approval has been.
    and there is no shortage of people (in my circle) that keep calling Trump an "Idiot". I refrain my views and discussions among these people because sometimes it's better to talk to a wall than to step by step, explain things.

  4. #1054
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    Stock-index futures extend gains after data showing US lost 20.5 million jobs in April

    Back in my young days if I wrote this sentence in my 101 economics exam I would have got an E..The market and everyone else calls Trump an idiot..From where I view things it's kinda like the pot calling the kettle black..
    Last edited by Hoop; 09-05-2020 at 01:05 AM.

  5. #1055
    Senior Member Entrep's Avatar
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    Bad news = up
    Good news = up

    The market is not the economy

  6. #1056
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    A bit of a head scratcher here. Do they just let companies go out of business that are inevitably going to go out of business anyways? The FED says no. Its a great story of kicking the can further down the road.

    The Fed are buying junk bonds, propping up these companies at the moment. A couple examples, Gamestop who reported a drop of 25% during December ended quarter. Same with Ford who are on the verge of going out, reporting a loss during the December quarter which is the strongest quarter for car markers traditionally.

    If a company can't make money during the greatest bull market in history then propping them up to survive for a few more years is all the FED is doing. A lot of retail investors who are new in the game are about to get whacked I feel.

  7. #1057
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    Quote Originally Posted by value_investor View Post
    A bit of a head scratcher here. Do they just let companies go out of business that are inevitably going to go out of business anyways? The FED says no. Its a great story of kicking the can further down the road.

    The Fed are buying junk bonds, propping up these companies at the moment. A couple examples, Gamestop who reported a drop of 25% during December ended quarter. Same with Ford who are on the verge of going out, reporting a loss during the December quarter which is the strongest quarter for car markers traditionally.

    If a company can't make money during the greatest bull market in history then propping them up to survive for a few more years is all the FED is doing. A lot of retail investors who are new in the game are about to get whacked I feel.
    The US fed is keep the stock market up "at all costs" and they will keep printing until the virus is over. It's not an issue of valuation but rather, to maintain companies to stay operating and keep jobs going. What keeps the USD currency strong? Well, it's due to other nations are doing the exact same thing; oh not all currencies are the same meaning countries that try to print their way out of this crisis will have a worse effect on their economy than if the US did the same thing.

    On the public end, the US is in an entirely different position due to their high disposable income. Meaning if a person were to start a business in the US, they would be more likely to succeed than to do the exact same business in a place say like NZ or in a bigger place like the EU. This is exactly why capital inflows continue to go into the US. If you were a bank, who would you prefer to lend to? A socialist, high taxed nation where the likelihood of the businesses to succeed is less? Or to a highly capitalistic place such as the USA where profits can still be maintained, even at the cost of the people that live there?

  8. #1058
    Ignorant. Just ignorant.
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    I hold some US government debt via some ETFs. The US is dependent on inflows of foreign capital to roll over and refinance it's existing government debt, and so is forced to pay more than others.

    But I must admit that the increasing talk of what should happen to the squazzabazillions of US government debt held by China is starting to make me a little apprehensive.

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