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Replies: 26
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Hall of Famer [22948]
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Stock Market continues to skyrocket under Dem President
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Mar 21, 2024, 10:44 AM
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Funny we don't hear the orange guy bragging about stock market these days. Are you better today than 4 years ago?
(even though the President has significantly less control over the markets than people assume)
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All-TigerNet [11207]
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All-In [26514]
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Why is the Fed Chair predicting 3 interest rate cuts
Mar 21, 2024, 10:51 AM
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For 2024 ?
His job is not to make predictions.
Unless he knows it’s going to happen regardless of economic data.
Which, in an election year, would make him a political hack.
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All-In [47799]
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the Fed started doing these forcasting biases
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Mar 21, 2024, 10:53 AM
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years ago.
but I'm sure the FNC orange worshiping O'Hannity-ies think it is all about hurting their Orange King
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All-In [26514]
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3 cuts is oddly specific ... don't ya think ?
Mar 21, 2024, 11:14 AM
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The verbiage should have been
"There is potential for future cuts based on the current economic data"
By specifying "3 cuts", he's admitting that the "Big Guy" has been in his ear to help him out during for Nov.
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Standout [312]
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Uh no it isnt specific. Its a forecast, subject to change
Mar 21, 2024, 11:46 AM
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based on the data.
I didn’t peg you for a conspiracy theorist, but here we are.
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All-In [26514]
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Link to Powell giving specific number of rate
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Mar 21, 2024, 11:56 AM
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Increases / decreases prior to 2024.
I’ll hang up and listen.
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Standout [312]
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Link to Powell specifying 3 cuts yesterday in his comments?
Mar 21, 2024, 1:11 PM
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I’ll hang up and listen.
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Standout [312]
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So, no conspiracy?***
Mar 22, 2024, 1:31 PM
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Head Coach [786]
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CU Guru [1374]
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Re: Stock Market continues to skyrocket under Dem President
Mar 21, 2024, 11:05 AM
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I never understood any president bragging about stock markets, including Trump. Idgaf if the stock market is up. What I care about is housing costs, interest rates, and daily necessity cost such as food and gas.
Which currently all suck.
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Standout [312]
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Invest in the markets, and your cash can grow to keep
Mar 21, 2024, 11:48 AM
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up with those rising costs.
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Orange Blooded [4789]
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Re: Stock Market continues to skyrocket under Dem President
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Mar 21, 2024, 11:10 AM
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The last eight years or so have made me wealthier than I would ever imagined possible, thanks to the stock market. However it would be pretty douchey of me to assume that the vast majority of people, who don't have any stock market investments, are similarly thriving. But you do you.
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Hall of Famer [22948]
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Re: Stock Market continues to skyrocket under Dem President
Mar 21, 2024, 11:38 AM
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Noted. Glad to see you now care about the less fortunate. Appears businesses prefer his policies over the predecessor.
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Standout [312]
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All-TigerNet [13146]
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Dems should use all their gains to pay off student debts and house illegals.
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Mar 21, 2024, 11:19 AM
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Don't be hypocrites.
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Commissioner [955]
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Re: Stock Market continues to skyrocket under Dem President
Mar 21, 2024, 12:08 PM
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Big corporations sticking it to the little man as usual. That's why the rent's too high...
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All-In [31518]
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Re: Stock Market continues to skyrocket under Dem President
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Mar 21, 2024, 3:43 PM
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The stock market is doing so well that all of the MAGA people have turned into communists, raging against corporate profits and the “elites” with their 401ks, just to have something to complain about.
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110%er [5694]
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hey, then vote for four more!***
Mar 21, 2024, 3:46 PM
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All-TigerNet [10932]
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Re: Stock Market continues to skyrocket under Dem President
Mar 21, 2024, 9:14 PM
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How's your paycheck doing?
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Standout [312]
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Double what it was under Trump.
Mar 22, 2024, 1:31 PM
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Not because of Biden, but because who the president is doesn’t affect how much I get paid.
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All-TigerNet [10932]
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Re: Double what it was under Trump.
Mar 22, 2024, 7:48 PM
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It matters what you can buy with that check and some how I think it's less than 4 years ago.
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Standout [312]
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Sure, each dollar can buy less. But luckily wage gains
Mar 22, 2024, 8:24 PM
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are outpacing inflation. Not just me, but nationwide. I’m better off financially than I was 4 years ago.
And that isn’t a blind defense of Biden and the economy. We still have lots of issues, like persistently high interest rates, mortgage rates/home prices/inventory making home buying a challenge, a president trying to forgive student loans, etc.
But all that said, I’m better off than I was 4 years ago, because who the president is is largely irrelevant when it comes to my personal finances. People control a lot more of their success than any president, democrat or republican.
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CU Guru [1374]
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Re: Stock Market continues to skyrocket under Dem President
Mar 22, 2024, 7:18 AM
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You know what else is rising? People getting arrested in democratic cities for kicking squatters off of their property.
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All-In [47750]
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-182.61 as of 1:32.....THANKS BRANDON!***
Mar 22, 2024, 1:32 PM
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110%er [9735]
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Uhhh
Mar 22, 2024, 8:35 PM
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By the numbers: The S&P 500 climbed 25.9% between Biden's inauguration and Friday's market close, which is the last day of trading in 2023. It rose 42.3% during the similar period for Trump
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Head Coach [786]
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Re: Stock Market continues to skyrocket under Dem President
Mar 23, 2024, 11:54 PM
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Agreed that presidents have direct impact on the market just like they don’t impact oil prices.
GOP administrations have tough time w economic performance for two reasons …..
First, they might talk about fiscal responsibility but they typically spend more than democrats. Only slightly related, but Clinton and Gore were the best at reducing government.
Second, trickle down economics doesn’t work. Period.
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Replies: 26
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