U.S. Politics 2018

[mariomike]

Dow has its biggest decline in two years and black unemployment is lowest in 17 years.
I have no idea what Dow is but low Black American unemployment seems like a positive thing.

Black unemployment
2 Feb., 2018

https://www.google.ca/search?q=%22black+unemployment%22&rls=com.microsoft%3Aen-CA%3AIE-Address&rlz=1I7GGHP_en-GBCA592&dcr=0&source=lnt&tbs=cdr%3A1%2Ccd_min%3A2%2F2%2F2018%2Ccd_max%3A2%2F2%2F2018&tbm=

 

[Rifleman62]

http://money.cnn.com/2018/01/16/investing/dow-26000-stocks-wall-street/index.html

Dow 26,000: The stock market is a runaway freight train - 16 Jan 18

The market's latest milestone came just after the opening bell Tuesday and easily set the record for the fastest rise between 1,000-point barriers. The Dow has been around for 121 years.

Still, the Dow has spiked more than 7,000 points (actually 8,000 now), or about 40%, since President Trump's election. The stock market boom reflects enormous excitement on Wall Street about record corporate profits and strong economic growth at home and abroad -- all of which could be boosted by the GOP tax overhaul.


THEN:


FJAG:

Meanwhile Dow finishes week down 666 points - biggest decline in two years.

http://www.cbc.ca/news/business/markets-stocks-investors-1.4516409

http://www.latimes.com/business/la-fi-markets-slump-20180202-story.html

Dow's 666-point plunge looks bad, but the economy's fundamentals are still strong - 2 Feb 18



http://time.com/money/5131621/dow-jones-biggest-plunge-federal-reserve/

Why the Dow Plunged 670 Points, Its Largest Drop in Nearly Two Years - 2 Feb 18

The Dow Jones Industrial Average tumbled 665 points in the biggest plunge since June 2016, as the worsening bond rout stirred angst that the Federal Reserve will accelerate its rate-hike schedule.

Solid jobs data that underscored the strength of the economy sent bond bulls scurrying and rattled equity investors who haven’t seen a week this bad in two years. The tandem selling accelerated after Dallas Fed President Robert Kaplan suggested officials may need to hike more than three times this year to cool the advance.

 

[Jarnhamar]

Black unemployment
2 Feb., 2018

https://www.google.ca/search?q=%22black+unemployment%22&rls=com.microsoft%3Aen-CA%3AIE-Address&rlz=1I7GGHP_en-GBCA592&dcr=0&source=lnt&tbs=cdr%3A1%2Ccd_min%3A2%2F2%2F2018%2Ccd_max%3A2%2F2%2F2018&tbm=

Thats super strange. All those stories seem like they're from the last 12 hours.

Memo disparaging the FBI gets released,  black unemployment takes a jump.

Conspiricy in the making.

 

[Rifleman62]

If you go to MM link, all the known suspect media lead with the same basic headline: Black unemployment spikes, jumps BLACK UNEMPLOYMENT SHATTERED, from Trump's speech etc, etc, etc.

The rest of a good job report is ignored.

Yes, Black unemployment rose .9 %.

The world is ending.

 

[FJAG]

. . . And the Dow keeps plunging due to inflationary trends.

http://money.cnn.com/2018/02/05/investing/stock-market-today-dow-jones/index.html

http://www.foxbusiness.com/markets/2018/02/05/stock-market-plunges-with-dow-down-record-1175-points-in-big-boards-biggest-one-day-drop.html

That can't be good and you would have thought that if it was, and since it was the biggest intra day drop in history, you would have thought Trump would have claimed credit in a tweet by now.

:'(

 

[PPCLI Guy]

. . . And the Dow keeps plunging due to inflationary trends.

http://money.cnn.com/2018/02/05/investing/stock-market-today-dow-jones/index.html

http://www.foxbusiness.com/markets/2018/02/05/stock-market-plunges-with-dow-down-record-1175-points-in-big-boards-biggest-one-day-drop.html

That can't be good and you would have thought that if it was, and since it was the biggest intra day drop in history, you would have thought Trump would have claimed credit in a tweet by now.

:'(

Still figuring how to blame it on Obama.....or President Hilary Clinton

 

[TheHead]

Clearly this is the deep states fault.

 

[Remius]

Clearly someone’s got sick of winning.

 

[Jarnhamar]

Since the 2016 presidential election the Dow hit 96 record highs.

During some of those I recall the response was that the Dow doesn't affect regular every day American citizens so it's no big deal.

 

[mariomike]

During some of those I recall the response was that the Dow doesn't affect regular every day American citizens so it's no big deal.

Seems to be a "big deal" to you know who, 

QUOTE

"He has boasted about the booming market in tweets no fewer than 54 times since taking office. Including boasts he has made in speeches, he has celebrated stock market gains roughly 100 times. In January alone had extolled the “record stock market,” the “most explosive stock market rally,” the “incredible” gains, and more."
https://www.washingtonpost.com/opinions/reality-is-catching-up-with-trump--everywhere/2018/02/05/83644532-0ac0-11e8-8b0d-891602206fb7_story.html?utm_term=.64ed29fe258d

END QUOTE

 

[Jarnhamar]

I'd buy that for $130'000.

 

[kkwd]

I was going to write something but Hannity is coming on. He has Rep Devin Nunes on tonight. Then there is a new Mark Dice video, it's a bonus night.

 

[kkwd]

Stock market is up, 567 points, seems it is an all time record point gain. Any comments?

http://money.cnn.com/2018/02/06/investing/stock-market-today-dow/index.html

 

[mariomike]

Stock market is up, 567 points, seems it is an all time record point gain. Any comments?

Check his Twitter feed. 

"He has boasted about the booming market in tweets no fewer than 54 times since taking office. Including boasts he has made in speeches, he has celebrated stock market gains roughly 100 times."

 

[kkwd]

Check his Twitter feed. 

"He has boasted about the booming market in tweets no fewer than 54 times since taking office. Including boasts he has made in speeches, he has celebrated stock market gains roughly 100 times."

He was incorrect when he did those Tweets?

 

[EpicBeardedMan]

He was incorrect when he did those Tweets?

No.

 

[kkwd]

President Trump shouldn't be tying the current economic success to the stock market but everybody knows he just can't help himself. There is so much more he can tout that make a difference in people's lives.

 

[mariomike]

President Trump shouldn't be tying the current economic success to the stock market but everybody knows he just can't help himself.

He's been eerily silent about the stock market lately.

"The last time the president tweeted about stocks was 17 days ago on January 20."
http://www.businessinsider.com/trump-tweets-stock-market-dow-jones-average-2018-2

 

[angus555]

President Trump shouldn't be tying the current economic success to the stock market but everybody knows he just can't help himself. There is so much more he can tout that make a difference in people's lives.

I agree.

The funny part here is he had more to do with the stock market rally since Nov 2016 than any of the "current economic success", which he takes credit for too.
Wall St was fawning over his stance on financial deregulation and reduction in corporate taxes. His administration fed some extra "irrational exuberance" into a market that was already reasonably overvalued.

He might have learned a lesson here that many world leaders already know, which is to avoid talking about the ups and downs of the stock market.
If there is in all likelihood a significant pullback coming, people will be pissed when they see their 401k drop after all of Trump's hoopla about his market rally.

 

[mariomike]

For reference to the "discussion",

January 18, 2018

The Canadian Press

World’s opinion of U.S. hits new low under Trump — especially in Canada: poll
https://globalnews.ca/news/3973172/donald-trump-us-world-approval-canada/

WASHINGTON — A new global survey suggests the world’s impression of the United States is plummeting under President Donald Trump, with Canada registering the largest such decline of any country within the Western Hemisphere.