Obama economy ends; Trump economy begins

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   promisemposted 6 years ago

   It took two years, but Trump finally squashed the Obama economy with his trade wars. In recent weeks:
   
   - Panic buying in safe havens of gold, silver and Treasury bonds.
   - 30-year Treasury bonds reach a historic low.
   - Stock market teeters on a collapse that many experts are predicting.
   
   - Government yields worldwide turn negative. You have to pay them to hold your money.
   - Federal Reserve cuts interest rates to stop the plunge.
   - 2-year and 10-year bond yields invert, which has predicted every recession in the last 50 years.
   
   Trump has survived on the momentum of the Obama economy. Not anymore.
   
   Some experts are saying this recession will be worse than the last one. Good luck to all of you.
   
   https://www.cnbc.com/

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      wildernessposted 6 years agoin reply to this

      Yep - Obama's tactics of appeasement, high taxes, ignoring unfair trade practices and punitive business rules definitely produced that lowest unemployment and highest employment in half a century.  For sure.

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         Randy Godwinposted 6 years agoin reply to this

         What were these rates when Obama took office, Dan? And what were they when Donnie became POTUS?

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            wildernessposted 6 years agoin reply to this

            Both improved.  Obama bought his way out of a recession, but without producing any thing of real value (no rebuilt infrastructure, no new roads, dams, museums, etc.) - Trump greatly improved the slowest recovery in history.
            
            Which do YOU see as preferable or noteworthy?  Buying our way out of a recession is a tried and true method that has worked before (but with something to show for it) - changing policies to produce the best picture in 60 years is a little different, don't you think?

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               promisemposted 6 years agoin reply to this

               This is a chart of the Russell 2000, the broadest stock market gauge. In what way is it improving?
               
               

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                  wildernessposted 6 years agoin reply to this

                  Here is a picture of the Dow Jones - can you see a difference since late 2016/early 2017?
                  
                  

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                     promisemposted 6 years agoin reply to this

                     No because I don't see a chart.

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               promisemposted 6 years agoin reply to this

               This chart shows the 1-year price of gold, which skyrockets when people are panicking about the economy. Do you notice a change?
               
               

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               promisemposted 6 years agoin reply to this

               And finally, this is the 10-year Treasury yield, the most important interest rate barometer in the economy, dating back to 2007.
               
               High yields mean good economy. Low yields mean bad.
               
               Why has the rate plunged to the same level as the bottom of the last recession?
               
               

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                  wildernessposted 6 years agoin reply to this

                  We have the highest stock prices in history. 
                  
                  "Stock markets and bond markets usually go in opposite directions. During a bond market rally, the stock market drops. "  https://finance.zacks.com/correlation-t … 10871.html
                  
                  Does that answer your question?

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                     promisemposted 6 years agoin reply to this

                     "We have the highest stock prices in history."
                     
                     How can we have the highest stock prices in history when stock prices are lower than they were a year ago?

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         promisemposted 6 years agoin reply to this

         What does that have to do with my list?

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