Comments (71)

Jan 4, 2018

I mean he's even taking credit for airline safety, so

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Jan 4, 2018

You act like he's going to give dems credit for anything. Politics is about ignoring the bad you did/do and promoting all the good you think you did. Even if you look at local elected officials. They do a lot more bad then good but never acknowledge the bad, psychology my friend.

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Jan 4, 2018

Why didn't Obama take credit for Flint, Michigan?

Jan 4, 2018

You sound Weak on Crime! Sad!

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Jan 7, 2018

What the democrats did? Drinking that kool-aid, stay in corp banking w/ the rest of the middle-office sheeple

What concert costs 45 cents? 50 Cent feat. Nickelback.

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Jan 4, 2018

In all seriousness don't you think that the GOP controlled congress and subsequent tax reform was responsible for at least part of the recent valuation stretches/stock market gains

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Jan 5, 2018

of course its because of trump but im not trying to spark a political debate in a banking forum xD especially when there are students libs on this forum who will never see the light of day in an investment banking office

What concert costs 45 cents? 50 Cent feat. Nickelback.

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Jan 5, 2018

I wish there was a yelling button. the answer is NO, NO, NO. there is no empirical evidence of party control leading to better than normal market performance.

valuations are stretched because we're in a bull market and rates are low

the stock market goes up more times than it goes down

beyond that, even if there WAS a statistically significant reason to say that GOP Congress leads to better gains, is this GOP anything like previous Republicans? was there anyone like Trump in the Republican party before?

WAKE THE FUCK UP PEOPLE

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Jan 4, 2018

Well I guess Obama did appoint Yellen, so he can take some credit for the stock market gains

Gimme the loot

Best Response
Jan 4, 2018

Tax reform killed off all the poor people thus bringing up our GDP per capita.

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Jan 5, 2018

Don't forget the many millions that died from the repeal of net neutrality too. May they rest in peace.

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Jan 5, 2018

I had to pay a Comcast representative an extra $100 just to load your comment.

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Jan 4, 2018

Why do democrats insist that this is all still because of the Obama recovery too?

Jan 5, 2018

You mean the weakest recovery in US history with the lowest level of income and job growth? That is a good question..

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Jan 6, 2018

Yes a fast recovery and a subsequent crash would have been better. Hopefully trump messes up the economy worse than Bush did that way when the democrat president after has trouble fixing the mess you gop ppl can complain he didn't fix your mess fast enough

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Jan 5, 2018

show me there's a statistical correlation between the politician's actions and market performance and I'll gladly change my mind. until then, here's the facts.

  1. the political cycle and market cycles do not move in tandem
  2. obama took office during one of the deepest recessions of all time, of course market performance was good
  3. trump took office during this expansion, so the market continuing to go up with double digit earnings growth after a mum 2015...DUH
  4. politicians are narcissistic, you have to be in order to run for office ("I can do this better than anyone!"), so of course they're going to take credit when it's not their doing. trump is no different
  5. politicians are delusional or pathological liars. they have to be in order to maintain power. most voters are too stupid/too close minded to understand what I just wrote above, so they need their politicians telling them what to believe. imagine what a shitty election campaign this would be "well, I can't really take credit for the market because we would've been at this point in the cycle if it was me or my opponent. that being said, I still think you should vote for me."

wake the fuck up people

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Jan 6, 2018

Ha those are facts? Didn't realize it's a fact that politicians have to be narcissistic, delusional, pathological liars, and most voters are too stupid and close minded. All your posts here are vague "arguments," yet you want statistical evidence...

Jan 6, 2018

Are you really denying that the market spiking wasn't due to a Republican being elected? Or that the continued spike has nothing to do with the tax cuts, entirely passed by Republicans, which Trump pushed for?

C'mon dude, be real. The market going up isn't an indication of overall economic health, but all Trump is talking about is cutting regulation, reducing taxes, passing anything pro business. To deny his impact on the market is delusional.

As for the recovery under Obama, this was a function of insane loose Fed Policy and doubling the national debt. The market went up against the headwinds of Obama and his endless regulations.

This is literally common sense.

Jan 7, 2018

Obama inherited a deep recession and a war, that's why debt went up. But I see the trillion dollars of debt the tax cuts for rich doesn't concern fox News.. I mean you

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Jan 5, 2018

Sounds like you took some inspiration from the bomb cyclone yesterday, SNOWFLAKE.

Jan 5, 2018

Probably because he'd take the blame had the markets tanked. In fact you had guys like Paul Krugman (Nobel Prize Winner!) saying that's exactly what would happen because of his election.

I moreso give him credit for accelerating the bull run-the expectation of tax reform along with his dismantling of the regulatory state definitely had an impact on confidence about earnings.

Jan 5, 2018

Here, an image might help you

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Jan 8, 2018

My man bringing some sense into this messed up backwards world

Timing Is Everything.

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Jan 5, 2018

double post

Jan 5, 2018

Not to be a dick, but if you were measuring progress since the recession, wouldn't a more accurate chart extend back to the start of the recession?

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Jan 5, 2018

I'm not "measuring progress since the recession." I'm dispelling the myth that the growth observed in Trump's market is merely an extension of the "Obama economy." As is clearly shown in the chart above, the slope of the "Obama" line is very different from that of the "Trump" line and it began precisely at his election. Blatant cognitive dissonance to dismiss this as a coincidence.

Furthermore, comparing Trump's growth to Obama's growth at the onset of the recession would be inappropriate. It's an apples-to-oranges comparison. Post-recession growth rates are typically more dramatic than those in normalized periods. This is especially true given the extremely aggressive monetary policy employed in 2007 - 2008. An apples-to-apples comparison is to show Obama's normalized growth rate to Trump's. That's what I'm doing.

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Jan 6, 2018

That's the chart fox News gave him

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Jan 5, 2018

I think he's taking credit because he knows it will work politically.

Jan 6, 2018

Objectivity is crucial. I voted for Gary Johnson, but obviously, the market surge was due in no small part to the expectation of tax cuts, less regulation, and a business environment that was generally more "pro-capitalist." It doesn't matter what I think about the long-term implications of any of that, I still have to admit that the markets are more robust under Trump than they would have been under Hillary. Of course Trump will take credit. Once it capitulates, he'll simply charge that to The Fed being too aggressive ("The Fed is a disaster!") with raising rates and reducing their balance sheet. Politicians of all stripes are marketers. If Trump is nothing else, he's a great marketer.

"Now you's can't leave." -Sonny LoSpecchio

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Jan 6, 2018

Because Obama was a socialist who doubled the amount of people on government aid and as a result he became the only president to never hit 3% gdp growth. Trump is pro business not pro we need more programs. I might be mistaken, but I do not think that he himself coined the term the "Trump rally."

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Jan 7, 2018

So the market crash and wars had nothing to do with Bush? The economy was ruined by Bush and that's why many were on programs and unemployed. They didn't just see a black president and say, "woo whoooo we don't have to work anymore, I quit" but hey I understand fox news blames Obama and you have no brain

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Jan 7, 2018

Trump tax reform gave equities a boost

Jan 7, 2018

Just the thought that a spoiled trust fund baby with zero experience is going to run the country makes the stock market surge with anticipation. Very likely that is the case.

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Jan 7, 2018

Pretty sure this is goldencinderblock trolling on another account. His arguments literally boil down to "lol fox news." Not even trying.

Jan 8, 2018

Jobs -- The economy has added nearly 2.2 million jobs in the most recent 12 months. It has gained jobs for 75 straight months - the longest streak on record.
President Barack Obama was not so fortunate. When he took office, the economy had already lost 4.4 million jobs in the preceding 12 months.
During Obama's first 13 months, the economy continued to shed another 4.3 million jobs. But as Trump enters office, employers are eager to hire millions more. The number of job openings continues to hold at near record levels.
The most recent figures show that as of the last business day in November, there were more than 5.5 million unfilled job openings -- double the number in the month Obama took office in 2009.
The highest ever recorded in the nearly 16 years the Bureau of Labor Statistics has tracked this figure was in April 2016
, when job openings topped 5.8 million. The figure has now been above 5 million every month for 22 months in a row.
Unemployment -- Obama also leaves Trump an unemployment rate that is well below the historical norm.
Currently it stands at 4.7 percen
t. In all the months since 1948 the median jobless rate was 5.6 percent.
Thus Trump has been dealt a far better hand than Obama, who took office when the jobless rate was 7.8 percent and rising. It hit a peak of 10 percent in October of Obama's first year.
Income and Poverty

Income -- Trump enters the White House at a time when incomes have begun to rebound after years of stagnation. In 2015 median household income jumped 5.2 percent -- the largest one-year percentage increase since records began in 1967.
At $56,516, the 2015 figure was 2 percent higher (in "real" or inflation-adjusted terms) than the year before Obama took office.
But it was still 2.4 percent below the peak year of 1999, and also 1.6 percent lower than in 2007, the year that the Great Recession began.
The income figure for Obama's final year won't be released until September. On one hand, more people were working; stock prices scored healthy gains; and home prices also rose. Those all point to increased incomes.
But the rise in the buying power of weekly paychecks seems to have stalled in 2016, after two straight years of healthy gains. Real average weekly earnings for all workers rose 1.9 percent in 2014 and 1.7 percent in 2015, but barely changed in 2016, up only 0.2 percent in December over the previous December.
So real incomes probably scored another gain in 2016 -- but how much remains to be determined

**trump inherited a good economy, refer to the facts above **

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Jan 8, 2018
duey_dun_did_it_again:

Jobs -- The economy has added nearly 2.2 million jobs in the most recent 12 months. It has gained jobs for 75 straight months - the longest streak on record.

Liberals always parrot this shit without even thinking. Hey genius, when it comes to recoveries, do you want an extended weak one or a sharp and powerful one? Obama's labor market recovery is so long precisely because it's so weak. It's weak, in part, because he literally paid people not to work, which led to them exiting the workforce altogether. This is why labor force participation rates declined to a 40 year low under his presidency.

You want employment levels to bounce back to the natural rate shortly after a crisis; not to take 7 years just to get back to where you started.

duey_dun_did_it_again:

Income -- Trump enters the White House at a time when incomes have begun to rebound after years of stagnation. In 2015 median household income jumped 5.2 percent -- the largest one-year percentage increase since records began in 1967.
At $56,516, the 2015 figure was 2 percent higher (in "real" or inflation-adjusted terms) than the year before Obama took office.
But it was still 2.4 percent below the peak year of 1999, and also 1.6 percent lower than in 2007, the year that the Great Recession began.

I'm always amazed by how eager liberals are to lie. It's like they have absolutely no problem pushing out and sharing bullshit. In this example, you cherry pick a single year (2015), an outlier, and present it as though it were representative of his presidency. It's not.

Obama's economic legacy:

  1. Real median household income declined by 2.3% from 2008 to 2016 (some years saw declines north of 7%). By contrast, Regan's economy saw real median household incomes grow by 10%
  2. Obama is the only U.S. chief executive in history not to preside over even a single year with 3 percent GDP growth
  3. During the Obama years, the number of Americans below the poverty line is up 3.5 percent.
  4. Americans on Food Stamps -- 33 million in 2008, 46 million in 2016: up 39.5 percent. National debt -- $10.63 trillion 2016 vs. ~$20 trillion now
  5. The percentage of families in which no one is employed has grown from 17.8 in 2008 to 19.7 in 2015, the Bureau of Labor Statistics reports.

He managed to fuck up this bad with $10 trillion in expenditure and with 0% interest rates throughout his entire presidency. Absolutely unimaginable.

http://www.nationalreview.com/article/435093/barac...
The rest of your diatribe isn't worth responding to. I don't care about how steep liberals say the great recession was. Recession of '82 saw faster decline in output and in the stock market and yet the recovery was much more pronounced, even with interest rates north of 10%. GDP growth rates reached north of 6% in Regan's recovery. It didn't take the labor market 7 years to recover.

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Jan 8, 2018

@duey_dun_did_it_again dont you have a loan to approve? get back to work or you won't get your annual 10k bonus

What concert costs 45 cents? 50 Cent feat. Nickelback.

Jan 7, 2018

Because the stock market soared because of his presidency. Simple.

Jan 8, 2018

Trump is simply taking credit because thats what politicians do. If the Dems were in charge it would have been the same.

As the brofessor has stated above the bull run has been running along since some time.

What Trump did was accentuate it. By promising tax cuts and other business friendly policies the flow of money into the markets increased. Trump is if norhing else good at sales and he deserves credit for it.

But to not give the Dems any credit whatsoever is also incorrect. Obama did undertake the presidency when the financial world was on the brink of falling apart. And he did help restore confidence in the markets. Did he go overboard with regulation? May be. depends on your viewpoint.

Its easy for us to sit in our cushy little chairs and argue that only GOP or only Dems are responsible for this bull run.

But the truth is:
1) Anything can happen in the Market.
2) Every moment is unique.

The market is the way it is because of each individual participant and their own little thought processes.

"The markets are always changing , and they are always the same."

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Jan 8, 2018

zip it lib -- the only thing you're prop trading is your allowance

What concert costs 45 cents? 50 Cent feat. Nickelback.

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Jan 8, 2018

Guy gives a fairly balanced (and accurate) take and of course it isn't quite partisan enough for the lemmings on this website. Perfect.

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Jan 8, 2018

.

"The markets are always changing , and they are always the same."

Jan 8, 2018

Who cares about this? I'm just waiting for Trump's fake news awards. Should be exciting.

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Jan 8, 2018
duey_dun_did_it_again:

for what democrats did

are you mad?

Jan 11, 2018

This is not even a political forum. Why do we have to go insane fighting each other

Timing Is Everything.

Jan 14, 2018

All I did was ask a question, don't know why everyone is fighting

Jan 15, 2018
Comment

Timing Is Everything.

Jan 15, 2018
Jan 15, 2018