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2017 is a Very Good Year

Updated on April 25, 2017
jackclee lm profile image

Jack is currently a volunteer at the Westchester County Archives. Jack has worked at IBM for over 28 years on museums and libraries.

Introduction

2017 has started to be a very good year for our country and for me personally. It has only been 3 months but I am hoping it continues. This is the year of the rooster in Chinese Calendar.

Rooster is almost the epitome of fidelity and punctuality. For ancestors who had no alarm clocks, the crowing was significant, as it could awaken people to get up and start to work. In Chinese culture, another symbolic meaning of chicken carries is exorcising evil spirits.

- Apr. 2017

Background

Here are a few observations:

  • The stock market has risen almost 7 percent since the beginning of the year.
  • The outlook for jobs, especially high paying jobs in manufacturing is improved.
  • The coal energy industry is revived and will help many people distressed.
  • The housing market is improving with more houses changing hands and new constructions.
  • The interest rate is finally rising though slowly. This will help people who are savers and investors. It will hurt people who are borrowers.
  • The world is a little safer with increased military engagement overseas.
  • Consumer confidence level is highest since 2000.

On a personal level:

  • My retirement savings has increased in value by 6%.
  • I have a few reunions with people I have not been in touch for many years.
  • People I know who were out of work for a while have landed a great job.
  • I am attending a wedding in June, my cousin's daughter is getting married.
  • I am reaching new milestones writing on HubPages.

Some Points...

  • Dow hits 21000 on 4/25
  • Trump is ending Common Core
  • Trump is cutting budget of the EPA

Summary

It is still early in the year. However, the sentiment around me is looking up. After years of stalemate, our country seems to be moving again. More jobs and hiring. The assault on fossil fuel and coal seems to be easing. Even illegal immigration has slowed with just the talk of building a wall and cracking down on criminal aliens. We are respected again around the world when we take decisive action against a tyrant like Assad. The only people sad theses days seems to be the main street media and Hollywood entertainers.

Just found this campaign button of Ronald Reagan in 1980. Deja vu!

© 2017 Jack Lee

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    • jackclee lm profile image
      Author

      Jack Lee 7 months ago from Yorktown NY

      My esoteric, interesting. So is it your analysis it has nothing to do with Trump? We were on this recovery trajectory anyway...

      If Hillary was elected, would the same occur?

      I tend to doubt it. She promised continuing Obama's policy...

      The Trump effect is real, like it or not. Whether it will continue depends on how he fare going forward. If he gets the tax cut he promised both Corp and individual, things could really take off.

    • My Esoteric profile image

      My Esoteric 7 months ago from Keystone Heights, FL

      Sorry to put a bit of a damper on your estimations, but Trump has been in office for only 2 tumultuous months.

      You offered the following with my comments next to them:

      Here are a few observations:

      "The stock market has risen almost 7 percent since the beginning of the year." - The stock market is a forward looking measure and prices are based on buyers estimate of how things will be going 6 months or longer out. The market has risen to sharply since Trump won because investors are betting that Trump will follow through on his promises. That is potentially a bubble right now. On Jan 1, 2009 the S&P PE ration topped out at a whopping 70.91 (now THAT is a bubble). By Jan 1, 2012, it dropped to a low of 14.87. Since then it grew at about 1.83 points a year until Jan 1, 2016. In 2016, it grew about 3.46 points and in the last 3.5 months, it has grown another 0.83 to a high of 26.37. So I don't see a bubble yet given a nice safe number is around 20 times earnings.

      As to growth, between Mar 2009 (the DJIA low point) to Apr 2016, the Dow grew at roughly 15% a year. Since Nov 2016, it has grown an unsustainable 37% a year.

      "The outlook for jobs, especially high paying jobs in manufacturing is improved." - Probably so, but employment hours has been increasing about 1.5% a year since 2009. Between Feb and Mar 2017, it grew 0.8% a year.

      "The coal energy industry is revived and will help many people distressed". - 'Revived?' what makes you think that?

      " The housing market is improving with more houses changing hands and new constructions." - yes, it has been for the last three years.

      "The interest rate is finally rising though slowly. This will help people who are savers and investors. It will hurt people who are borrowers." - A little history. The Fed has three jobs 1) keep employment high, 2) keep inflation rates low, and 3) keep the prices stable. One of their main weapons is the interest rate. Nobody likes zero interest rates, but the economy tanked so bad in 2008-2009, the Fed had no choice. Because of the fight to the death between Obama and the GOP, the economy grew but it wouldn't take much to send it down again. Only now has the economy gained enough strength to let the Fed start increasing rates without tanking the market.

      "The world is a little safer with increased military engagement overseas." - But Trump promised you to disengage. But, other than the bombing Assad's airfield and execute a ground attack that Obama used drones for, what has he done in this area?

      "Consumer confidence level is highest since 2000." - Yep, it has been increasing for the last 6 years

    • Ericdierker profile image

      Eric Dierker 7 months ago from Spring Valley, CA. U.S.A.

      Very cool. I have had five stalled investors call me in the last month. They are hitting me hard to get involved. That is awesome. We look up not backward. A better day.

    • jackclee lm profile image
      Author

      Jack Lee 7 months ago from Yorktown NY

      Carolyn, you are so right. If you only watch main media, you will only get Trump and Russia collusion, disarray in the White house, incompetent Congress, and World nervous about a Trump presidency, with his fascist tactics...

      Fake news created by a dishonest media trying to convince the people Trump is illegitimate...

    • Carolyn M Fields profile image

      Carolyn Fields 7 months ago from the USA

      You are not likely to see this type of information on CNN or MSNBC.