Fifteen months ago it was Trump’s Stock Market, but now it is Biden’s Stock Market
Disrupting the Borg is expensive and time consuming!
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Dow Jones average was $23,000 5 years ago and now it’s over 40,000. many people including Warren Buffett think the stock market is currently way overvalued. almost everything we buy has become so expensive over the past 4 years except for gasoline which has dropped. so in my opinion we’re experiencing a weak Biden economy. it’s only Trump’s economy if you were a government worker who was fired in the last 3 months….. that you can fairly blame on Trump. :-). but for you fired workers, on the bright side, just learned the code. lol
A dollar every day buying less stuff because of America not paying its debt just printing more dollars.
The debt in a Fiat system can not really be paid back as there
is always more debt than money around as result of (corporate) interest.
That’s why currencies(not to be confused with money) have a failure rate of 99.9%.
“Gold is money.Everything else is credit.”
JP Morgan
Tony, check the years. Fifteen months ago it was “Trump’s Stock Market.”
People say that President Vegetable was the worst US Prez ever. I doubt it. I’m old enough to remember LBJ who must surely be a stronger contender. So too W. And the only US Prez who nearly got everyone killed was JFK.
I suppose the counter-argument is that it was Prez Veg who decided to start to replace the population by opening the southern border. It’s a strong argument I must confess.
Nvidia stock price deserves to nosedive. They have had fiasco after fiasco in the graphics card arena. Garbage with the new 50 series cards and in the last 3 weeks have had 2 consecutive driver updates which crash all the new and older graphics cards, with many being destroyed due to complete incompetence with programming 101 mistakes. (they got the temperature reporting to freeze, so those with custom fan speed settings relying on temperature feedback, ended up frying their $2,000 graphics cards)
Very poor example Tony. Consumer ire is really bad and vocal.
If you were designing a system where temperature reporting really matters … and then it stopped getting any reports, what would be the correct response?
Trump may be like other politicians in that he will take credit for good, and deflect for bad, but the truth is stocks were way overvalued. Add to that the fact that dishonest and repulsively biased news media has been putting it out there for months that tariffs are going to destroy the entire Milky Way galaxy, and you have to realize that Trump is just playing the same game back.
Also, I find it hilarious that everyone is basically allowing retail stock investors to determine what is good for the country over the long term. I mean, I invest, and I know full well that most investors are just total wusses who panic and sell if it’s a cloudy day. The Dow Jones Industrial Average is not a determinant of national policy. The Dow plummeted when COVID hit, as if COVID somehow makes stocks less valuable, or that the companies in the Dow were all going to go under because of a stupid and basically harmless respiratory virus.
good points Mac.
He could be right on both counts. The stock market could have rallied on hope that he would bring recovery, and the Biden Economy will be with us forever, because the damage cannot be undone, but, depending on how successful Trump is, the “feel” of the Biden damage might be buried under Trump’s rebounding economy. Certainly, it is Biden’s economy until Trump’s efforts materialize on the street. That could be through lower taxes, more and better jobs, more and less expensive production. It takes time to gear up.
Lower taxes requires lower government spending. I support what DOGE is doing but when you look at the overall numbers it’s a drop in the ocean.
And despite all the blithering from the talking heads the NASDAQ is positive for April. Gotta crack some eggs to make an omlette.