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President Trump: The NEW one and only politics thread

Discussion in 'Sports and News' started by Moderator1, Nov 12, 2016.

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Page 6153 of 18258
  1. Big Circus

    Big Circus Well-Known Member

    It was animated back when we could do that:

    [​IMG]
     
    Big Circus, Jan 25, 2018
    #73825
  2. DanielSimpsonDay

    DanielSimpsonDay Well-Known Member

    [​IMG]
    /approves
     
    DanielSimpsonDay, Jan 25, 2018
    #73826
    Fly likes this.
  3. Inky_Wretch

    Inky_Wretch Well-Known Member

    Mnuchin wants a weak dollar. But Trump?

     
    Inky_Wretch, Jan 25, 2018
    #73827
  4. Della9250

    Della9250 Well-Known Member

     
    Della9250, Jan 25, 2018
    #73828
  5. cranberry

    cranberry Well-Known Member

    Something that seems to get lost in the discussion is that the dollar remained strong and strengthened during the recovery in large part because the dollar is the default world currency. For example, when Greece was in the depths of its financial collapse, people fled to the dollar. In recent months as the world economy has picked up steam, the dollar, expectedly, fell back relative to other currencies.

    This was an insightful piece:

    Does Mnuchin Know? The Dollar Is Weak Already

    I note that the story also explains why, outside of cutting corporate taxes (which is not inconsequential), POTUS is full of shit in taking credit for any economic or stock surge ...

    Trump likes to take credit for the 20.7 percent total return (income plus appreciation) of the S&P 500, the benchmark for U.S. stocks measured in dollars. That's a strong performance by historical standards, yet it was inferior to Germany's Dax, which gained 27.9 percent, and to the MSCI Europe Index, which rose 25.3 percent. U.S. shares were also-rans to the MSCI Asia Pacific Index, which advanced 30 percent; Japan's Nikkei 225, 23.1 percent, and Brazil's Ibovespa Index, 20.9 percent, according to data compiled by Bloomberg. The last time the S&P 500 so underwhelmed the global marketplace was 2005, when it returned 7.5 percent. ​

    Our economy is doing well because the recovery is finally getting around to the rest of the world.

    The problem remains that the fruits of the recovery aren't being shared equitably. A tiny one-year tax cut and one-time $1,000 bonuses thrown around at a handful of big companies (and reaching a tiny percentage of people) aren't cutting it for the middle class.

    Trump Nation is being bought off cheap.
     
    Last edited: Jan 25, 2018
    cranberry, Jan 25, 2018
    #73829
    Slacker likes this.
  6. BadgerBeer

    BadgerBeer Well-Known Member


    LOL. You are a stooge. A dishonest stooge at that.
     
    BadgerBeer, Jan 25, 2018
    #73830
  7. doctorquant

    doctorquant Well-Known Member

    Anybody who thinks these $1,000 bonuses being thrown around are the result of the tax package is a fool.
     
    doctorquant, Jan 25, 2018
    #73831
    SnarkShark likes this.
  8. 3_Octave_Fart

    3_Octave_Fart Well-Known Member

    Ron Johnson was supposed to be one of the sane ones in the Senate.
    These people are making fools of themselves.
     
    3_Octave_Fart, Jan 25, 2018
    #73832
    Machine Head and Inky_Wretch like this.
  9. britwrit

    britwrit Well-Known Member

    Donald Trump and British Prime Minister Theresa May. Wow. What great chemistry.

     
    britwrit, Jan 25, 2018
    #73833
  10. The Big Ragu

    The Big Ragu Moderator Staff Member

    To the extent that Trump ever says anything consistent and coherent, he has continually exoled the virtues of a weak dollar (and artificially low interest rates).

    I have been trading Euro/dollar, so I saw what you linked to happening. "Pares losses," and attributing it to Trump in Davos is a stretch. Almost every currency and commodity I follow got way over extended over the last several weeks. The dollar sold off tremendously. Euro, yen were way overbought (on a short term basis). Gold has had a huge run on the weak dollar. Bond yields have spiked. These have been huge money-making moves, and at some point there was going to be a break in the action. It's more likely that is what you were seeing. And keep in mind, the dollar index is well below 90 right now still, for the first time in close to 4 years. And on the sell off, it was testing long-term support at around 88.5. If it is going to get through there (and I am not predicting either way, before someone tries to turn this into a prediction), usually that kind of break of support takes a few attempts before it happens.
     
    The Big Ragu, Jan 25, 2018
    #73834
    Inky_Wretch likes this.
  11. Inky_Wretch

    Inky_Wretch Well-Known Member

    I can't believe there are people who are dumb enough to think that people actually in an underground plot would use the term "secret society" when referring to it with each other.
     
    Inky_Wretch, Jan 25, 2018
    #73835
    BadgerBeer and Machine Head like this.
  12. Dick Whitman

    Dick Whitman Well-Known Member

     
    Dick Whitman, Jan 25, 2018
    #73836
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