General Discussion
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(45,442 posts)There was the roaring 20s with rampant financial fraud, then the dotcom bubble of the late 90s, and the housing/mortgage bubble of 2007-2008, which leaves us to now. What bubble is about to burst?
The Trump bump won't last for long. I suspect the rise in stock market prices is from the types of idiots who kept their money under the mattress and bought guns to prep for doomsday during the Obama economic recovery, and are now deciding to buy some stock or sign up for a retirement account while prices are high. Buy high, sell low, and blame immigrants and poor people for their problems seems to be the plan for those folks. Baby boomers have been withdrawing from their retirement accounts for the last several years.
As Trump sells off our infrastructure and public land and cuts services and public sector jobs and stops travel to many countries and royally screws over immigrants and minorities, we are cutting the muscle of this country long term, not the fat. We may not see a strong recovery like we did in those other recessions.
Bernardo de La Paz
(49,001 posts)Republican Trump says he's going to build up infrastructure, but remember how last week was supposed to be Infrastructure Week. Can anyone say that anything was accomplished or that there was a real plan?
SergeStorms
(19,201 posts)His ignorant supporters think that's PROOF that he fixed the entire infrastructure in our country. Happy days are here again.
SusanaMontana41
(3,233 posts)There'll be pie in the sky when you die.
unblock
(52,227 posts)The economy steadily improved, and the stock market consistently rose, nearly tripling over 8 years, aided by the stimulus, cash for clunkers, rational regulation, and near zero interest rates.
Obama gets little to no credit.
Benedict Donald comes in and suddenly every up day in the market is a direct result to his, uh, well, he still hasn't managed to actually accomplish anything, so they continue to insist it's all due to optimism about his presidency. All evidence to the contrary.
Ridiculous!
SergeStorms
(19,201 posts)the keys to the Treasury, again. That, and the housing market is in prime condition for another redistribution of wealth. Hey, if the wealthy aren't going to get their massive tax cuts, they have to make it up SOMEHOW! And if they DO still get their massive tax cuts. it's an extra added bonus. It's GOOD to be wealthy, or at least the wealthy seem to think so.
Wounded Bear
(58,656 posts)Not sure if it is technically a "bubble" but the current college tuition situation is nearly critical, and Repubs are dialing back any safeguards for students reeling under the debt. What happens when the default rate starts to climb precipitously because there aren't any jobs for the kids leaving college to work and pay it back.
YCHDT
(962 posts)bresue
(1,007 posts)the scab is removed or cut away, I see an additional variable affecting the market.
And Rubs are restrictive or bearish in their economic thoughts, which tightens up our markets. Dems realize the important of pushing forward and opening up markets like the market bulls.
Personally, when a Rub president is in office....my personal finances dither. Place a Dem in the oval office...and wow, my paychecks are awesome!!!
So, if people would just go by that guide.....lol!
pbmus
(12,422 posts)For it has been many billions of rubles pumped into our markets , one way or another...
When those monies are moved, ooops, I will just say, be on the front end, not the ride down, unless you are into millisecond shorting ...
bresue
(1,007 posts)And in economics, they have a certain formula for GDP, however they acknowledge that 10-20% is unaccounted for because of illegal activities. So, the economic formula will always be off. However, think of double that....Russia illegal money and then our country's illegal money....so if Russia's 20% leaves our market quick like....ouch!!!!
I think the US government should confiscate all of Russia's money and keep it here for all the trouble we have endured. And I believe that if the Rubs do not want to give the official presidency to Hillary...then a majority of that Russian money should go to the DNC as remedy.
However, I do wish they would start with the grunts first in prosecuting....representatives, then senators, and then president and vice-p last. That way a Dem will be president! Shuman or Leahy would be fine for me. Or Pelosi.
krakfiend
(202 posts)Followed by massive gains for the Democratic party