US economy under Trump

Discussion in 'Politics' started by MTR, 18th Jul, 2018.

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  1. geoffw

    geoffw Moderator Staff Member

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    It looks like threats instead of concessions
    Screenshot_20181128-115459.png Screenshot_20181128-115727.png
     
  2. wylie

    wylie Moderator Staff Member

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    Seems the Dow and S&P 500 have suffered the largest drop for each key market barometer since 1931.

    Trump seems to have gone quiet on this topic now he is no longer "winning" and while he was very happy to take credit for the stock market rises, he doesn't seem interested in taking any blame for the falls. :rolleyes:

    Stock market on track for worst December since Great Depression - CNN
     
  3. geoffw

    geoffw Moderator Staff Member

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    Actually the largest December drop.

    Trump has blamed the fed reserve, and there are reports that he has canvassed firing the chairman.

    Trump has discussed firing Fed Chairman Powell: sources | Reuters
     
  4. wylie

    wylie Moderator Staff Member

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    Yes, didn't realise I'd left out that it was the largest December drop.

    Still, he was full of praise for himself when it was rising. Now it is dropping, it has to be someone else's fault. :rolleyes:
     
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  5. Lizzie

    Lizzie Well-Known Member

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    Have seen 25% fall off my blue chippers ... fortunately I don't have many and most our SMSF is held in property and term deposit cash ... but still not happy.

    Glad the USA reserve is ignoring his "advice"
     
  6. TAJ

    TAJ Well-Known Member

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    Just as he ignores the advice of senior members that were within his ranks!
     
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  7. Lizzie

    Lizzie Well-Known Member

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    Yes - those with decades of experience of dealing with every situation from boom to bust - war to peace ... all ignored
     
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  8. Lizzie

    Lizzie Well-Known Member

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  9. geoffw

    geoffw Moderator Staff Member

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    Quarter 4 figures were 2.6%, exceeding the expected 2.4%. The growth for 2018 was 2.9%.
     
  10. Dean Collins

    Dean Collins Well-Known Member

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    Lizzie, not sure if you realize but it was all end of year tax selling, the markets were back up to their regular high within 60-90 days etc.

    401k's are doing just fine.

    Yes the market will be slower than last year but only because last year was a sugar high from corporate repatriation.

    For those of us on the ground here in the USA we are doing fine etc.
     
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  11. Lizzie

    Lizzie Well-Known Member

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    “Trump’s policies from the competitiveness perspective were good and bad. Good in the sense that low taxes benefit the economy,” Bris said. “But they’re bad in the sense that closeness and avoiding globalization and trade hurts competitiveness.”

    “That’s what we saw last year indeed, that after the tax decreases in the United States, the U.S. climbed to the top position,” he added. “This year, on the contrary, we have observed the impact of the trade war.”

    The US slipped to third place in a ranking of most competitive economies

    “Probably, China is hurting the ability of American companies to compete.”

    “But China is not hurting American competitiveness, which refers to prosperity, the ability to generate growth in the economy, to create business, jobs, and for people to make a better living,” he added.

    With regard to the ongoing U.S.-China trade war, Bris said he “would call it a tantrum in the sense that it is hurting companies in the United States more than in any other country.”
     
  12. geoffw

    geoffw Moderator Staff Member

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    From the same article
    The trade wars are a lose lose situation. While Trump is using tariffs as a hammer to extract what he wants, both sides get hurt. Demand for goods from the other country drops; prices in the country imposing tariffs rise. The other country retaliates, and the same consequences occur in reverse. Other countries get caught in the crossfire. If the Chinese economy retracts due to the trade war, the Australian economy is likely to also be adversely affected.

    The stock market seems to know what's going to happen. Every time more tariffs are announced, it retracts strongly.
     
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  13. Simon Hampel

    Simon Hampel Founder Staff Member

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